?
In the market shown in Exhibit 3-15, the equilibrium price and quantity of good X are:
A. $0.50, 250.
B. $2.00, 300.
C. $2.00, 100.
D. $1.00, 200.
Answer: D
You might also like to view...
A swap designed to compensate for mismatched securities is a type of __________ called a __________ swap
A) speculation; currency B) speculation; generic C) hedging; London D) hedging; plain vanilla
The BP schedule shows the combinations of the interest rate and income
a. that clear the goods market. b. that leads to equilibrium in the balance of payments. c. that equate supply and demand in the foreign exchange market at a given exchange rate. d. and is always positively sloped. e. both b and d.
In 1980, the U.S. misery index was
a. much higher than average. b. slightly higher than average. c. about average. d. below average.
Under President John F. Kennedy, the United States expanded its highway system, creating 50,000 miles of high-speed limited-access highway.
Answer the following statement true (T) or false (F)