Eco 213 - Study guides, Class notes & Summaries

If a country's currency is determined only by the demand and supply for that country's currency, the country is said to have a - answer-floating exchange rate. Countries that use the euro as their currency face similar concerns as countries did during the years of the gold standard in that each are - answer-Unable to conduct monetary policy If a country's currency is pegged to the dollar its exchange rate is - answer-fixed A decrease in a fixed exchange rate from 1.75 per pound to 1....

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1) Economics is the study of A) supply and demand. B ) how to make money in a market economy. C) the choices everybody makes to attain their goals, given their scarce resources. D) how to make money in the stock market.  C) the choices everybody makes to attain their goals, given their scarce resources. 2) What assumptions about humans do economists make? A) People are greedy and selfish. B ) None, because economics takes humans as given. C) Humans prefer to live in a societ...

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