Nations Are Free to Choose and Use Their Own Currency

question 51

Multiple Choice

Nations are free to choose and use their own currency and control its value. Normally, they must choose between a ______ regime.

• A) fixed or floating exchange rate
• B) variable or stable exchange rate
• C) controlled or laissez-faire
• D) centrally planned or market-based

---

Definitions:

Labor-Force Participation Rate

The labor-force participation rate is the percentage of the working-age population that is either employed or actively seeking employment.

Bureau of Labor Statistics

A U.S. government agency responsible for collecting and analyzing economic data related to labor market activity, working conditions, and price changes.

True Unemployment Rate

A measure of the actual number of unemployed individuals, considering those who have stopped looking for work or are underemployed.