________ in the expected future domestic exchange rate causes the demand for domestic assets to shift to the ________ and the domestic currency to appreciate, everything else held constant
A) An increase; right
B) An increase; left
C) A decrease; right
D) A decrease; left
A
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For an asset to be a "means of payment," the asset
A) is valuable and backed by gold. B) can be used to settle a debt. C) is valuable and backed by the government. D) requires a double coincidence of wants. E) must be used when bartering.
What is accounting profit?
A) gross revenue minus explicit and implicit costs B) the same as economic profit C) gross revenue minus implicit costs D) gross revenue minus explicit costs
Research in history and economic history shows that before 1880, significant federal participation in the markets of the American economy occurred
Indicate whether the statement is true or false
Which of the following scenarios would prompt producers to supply less now than they otherwise would have?
a. Producers expecting a higher price in the future b. Producers expecting prices to remain unchanged c. Producers expecting a lower price in the future d. Producers expecting prices to be volatile