The Chinese government chooses to control the value of its currency so that it is consistently worth some fixed amount of U. S. dollars. Which of the following terms would relate to what the Chinese government would be doing? a. floating exchange rate
b. flexible exchange rate
c. exchange rate freedom
d. pegged exchange rate

The third program provides families with $50 in food stamps each week, redeemable for both perishable and nonperishable food. the fourth policy instead provides a family with a box of nonperishable foods each week, worth $50. use two graphs to illustrate that a family may be indifferent between the two programs, but will never prefer the $50 box of nonperishable foods over the $50 in food stamps. state your answer and use a consumer choice model for perishable food and nonperishable food to graphically justify your choice.