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Author Question: When exchange rates are not determined in the market but are instead set by a country's central ... (Read 49 times)

ghost!

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on: Jun 29, 2018
When exchange rates are not determined in the market but are instead set by a country's central bank, we say that the country's exchange rate is
 
  A) fixed. B) a real exchange rate.
  C) flexible. D) a nominal exchange rate.

Question 2

What does it mean for an industry to be considered an increasing cost industry?
 
  What will be an ideal response?


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batool

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

An increasing cost industry is one where resource prices rise as the size of the industry expands.


ghost!

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Reply #2 on: Jun 29, 2018
Correct answers!


batool

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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