To determine whether McDonald's hamburgers are in the same market as Domino's pizza, the criterion we use is their
a. price elasticities of demand
b. price elasticities of supply
c. income elasticities of demand
d. cross elasticities
e. equilibrium prices
D
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In an open economy, this country will ________ million bushels of corn. 
A. import 600 B. export 300 C. import 150 D. export 600
Do you agree that currency depreciation will lead to an increase in the debt burden of the companies that borrow in foreign currency? Explain with an example.
What will be an ideal response?
The more rapidly the government creates money to finance its budget deficits, the:
A. smaller the inflation tax and the greater the reduction in the real value of any assets specified in nominal terms. B. smaller the inflation tax and the smaller the reduction in the real value of any assets specified in nominal terms. C. greater the inflation tax and the smaller the reduction in the real value of any assets specified in nominal terms. D. greater the inflation tax and the greater the reduction in the real value of any assets specified in nominal terms.
Adam Smith noted in 1776 that
A. the wealth of nations comes from the money the nations have accumulated. B. the wealth of nations comes from the gold the nations have accumulated. C. the wealth of nations comes from the resources that produce the nation's goods and services. D. the problem of scarcity had been licked.