Rapid inflation makes holding a large amount of money:
a. wiser, because you will generally need more and more to buy the goods and services you want.
b. less wise, because the opportunity cost of holding money is high
c. less wise, because someone might steal it, or it might be destroyed.
d. wiser, because the opportunity cost of holding money is high.
b
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In Figure 4-16, an increase in the number of producers will shift supply from
A. S1to S2. B. S2to S1. C. S3to S2. D. S3to S1.
Answer the following statement(s) true (T) or false (F)
1. Fiscal policy refers to the government's ability to print money. 2. Kobe beef, which some consider the best beef in the world, is produced in Japan and sold in the U.S. (in extremely limited quantities); this is an example of a U.S. import.
Everything else the same, if income in Japan rises while income in the U.S. remains unchanged,
a. the supply of dollars in the foreign exchange market will increase. b. the demand for yen in the foreign exchange market will decrease. c. the supply of yen in the foreign exchange market will decrease. d. the demand for dollars in the foreign exchange market will increase. e. the demand for dollars in the foreign exchange market will decrease.
Which one of the following people would be counted as unemployed in Canada?
A) Kathy has stopped looking for work since she was unable to find a suitable job during a one -month search. B) Sharon is a college student with a job. C) Benoit who was laid off when his firm closed down 2 months ago and has not been looking for work as he is going back to school. D) Christos has been laid off from his job a month ago, and has not been looking for a new job as he is waiting for a severance package from his former employer. E) Veena is not working, but she is looking for a full-time job.