Floating exchange rates are ____ in the short run?
Floating exchange rates are ____ in the short run?
A. stable
B. predictable
C. volatile
D. depreciating
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In a competitive labour market firms will hire labour up to the point where the marginal revenue product of labour equals ?
In a competitive labour market firms will hire labour up to the point where the marginal revenue product of labour equals ?A. total labour cost
B. the marginal product
C. the price of the product
D. the wage rateDeepak Lal argues that development economics is dominated by _______ approach that favors government intervention into LDC prices?
Deepak Lal argues that development economics is dominated by _______ approach that favors government intervention into LDC prices?A. dirigiste
B. Keynesian
C. Commanding heights
D. soft budgetTo prevent the external value of the currency from falling the government might ?
To prevent the external value of the currency from falling the government might ?A. Reduce interest rates
B. Sell its own currency
C. Buy its own currency with foreign reserves
D. Increase its own spendingAssuming a downward sloping demand curve and upward sloping supply curve a higher equilibrium price may be caused by ?
Assuming a downward slog demand curve and upward slog supply curve a higher equilibrium price may be caused by ?A. An fall in demand
B. An increase in supply
C. improvements in production technology
D. An increase in demandThe country which leads in the production of rubber is ?
The country which leads in the production of rubber is ?A. Thailand
B. Indonesia
C. Malaysia
D. None of theseThe fall in value of one currency relative to another is ?
The fall in value of one currency relative to another is ?A. a depreciation of a currency
B. a strengthening of a currency
C. a floating of a currency
D. an appreciation of a currency