International capital mobility refers to
A) the ease with which manufacturing equipment can be transported across countries.
B) the ease with cash may be transferred from one country to another without having to be converted into a foreign currency.
C) the ease with which investors move funds among international financial markets.
D) the ease with which exchange rates may be adjusted to reflect changes in the relative economic strengths of countries.
C
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Suppose scientific research generates external benefits. Without government intervention, the market for scientific research would
A) produce the efficient amount. B) produce more than the efficient amount. C) produce some research, but less than the efficient amount. D) produce zero research. E) either produce more than or less than the efficient amount depending on whether the external benefit is on the production or consumption of the research.
Which characteristic does money currently not have?
A) It is issued by a government or central bank. B) It is considered valuable. C) It is backed by gold. D) It is a durable good.
The Federal Reserve conducts monetary policy
Indicate whether the statement is true or false
A merit good is just another name for a public good
Indicate whether the statement is true or false