Question : Marginal rate of exchange also denotes:
Option 1: Slope of Demand Curve
Option 2: Slope of budget line
Option 3: Slope of IC Curve
Option 4: None of the above
Correct Answer: Slope of budget line
Solution : The slope of the budget line, which is the ratio of the price of good X to the price of good Y, is the marginal rate of exchange. The marginal rate of substitution, on the other hand, is the slope of the indifference curve that measures the units of good y sacrificed to gain one additional unit of good x. Hence correct will be option B.
Question : The market rate of exchange also reveals information about the _____.
Question : The indifference curve's slope is calculated using:
Question : Managed floating exchange rate is a hybrid of
Question : It is determined by forces of demand and supply.
Question : Depreciation and appreciation are the part of which exchange rate system?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile