Foreign currency assets held by a government for the purpose of purchasing domestic currency in the foreign exchange market are called:
A. fixed-exchange-rate deposits.
B. purchasing-power-parity funds.
C. international reserves.
D. balance-of-payment currency.
Answer: C
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In 1999, around 24 percent of college students attended private schools
a. True b. False
From a point within the utilities possibilities frontier,
A) movement to another point within the frontier can only increase one person's utility, but not both people's utility. B) it is possible to find another point within the frontier that generates higher utility for both people. C) it is possible to find another point within the frontier that involves higher output of both goods. D) any move to another point within the frontier will necessarily decrease someone's utility.
The unavailability of low-cost insurance contracts decreases the risks of liability for a traffic accident and increases the number of accidents
Indicate whether the statement is true or false
If the quantity you buy of a good increases when your income increases, the good is clearly a(n)
a. essential good b. inferior good c. substitute good d. complementary good e. normal good