In the ERM, each country fixed participant Collectively the group ________ against the rest of the world?
A. a nominal exchange rate, floated
B. a real exchange rate, pegged
C. a purchasing power parity, pegged
D. a real exchange rate, floated
A. a nominal exchange rate, floated
B. a real exchange rate, pegged
C. a purchasing power parity, pegged
D. a real exchange rate, floated
A. marginal propensity to invest
B. disposable incomes
C. marginal propensity to consume
D. average propensity to consume
A. Anthracite
B. Bituminous
C. Lignite
D. Peat
The first prize in economics was awarded in 1969 to Ragnar Frisch and Jan Tinbergen “for having developed and applied dynamic models for the analysis of economic processes”
A. when marginal revenue productivity of labor is zero
B. the same as seasonal unemployment of LDC agricultural
C. the rigid factor proportions in LDC agriculture and industry
D. due to capital formation and the level of technology remaining constant.
A. A multinational company
B. Large and creditworthy company
C. A conglomerate company
D. A consortium of companies
A. Rs20,000; Rs20,000; Rs22,000
B. Rs1,000; Rs14,333; Rs1,000
C. Rs20,000; Rs13,100; Rs1,000
D. Rs1,000; Rs20,000; Rs22,000