Jane spends her monthly dining-out budget of $300.00 on either steak or lobster dinners. Using the above figure, what is the price of a steak dinner?
A) $10.00
B) $15.00
C) $20.00
D) $30.00
B
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Consider that Britain is trying to maintain a fixed exchange rate with respect to the U.S. dollar. However, the present situation in the foreign exchange market is conducive for the British pound to depreciate with respect to the U.S. dollar. If the British government intervenes in the foreign exchange market, then it can be inferred that
A. the British money supply will rise. B. Britain is financing a surplus in its overall balance of payments. C. Britain is gaining official international reserves. D. Britain is financing a deficit in its overall balance of payments.
"Discretionary fiscal policy is a fiscal action initiated by an act of the Federal Reserve, while automatic fiscal policy is a fiscal action induced by the state of the economy." Is the previous statement correct or incorrect? Explain your answe
What will be an ideal response?
Recall the Application about the impact inflation has on your potential future salary and the repayment of student loans to answer the following question(s).According to this Application, more years of work would be required to pay off a student loan if all prices (including your salary):
A. remained stable. B. increased by 20 percent. C. decreased by 10 percent. D. increased by 40 percent.
Markets tend to overallocate resources to the production of a good when
A. there are public goods produced. B. equilibrium occurs. C. there are positive externalities. D. there are negative externalities.