The supply curve of dollars in the foreign exchange market is:
A) downward sloping. B) upward sloping.
C) horizontal. D) vertical.
B
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Why do both the chain-weighted index for GDP and the CPI overstate actual price increases?
What will be an ideal response?
If supply and demand both simultaneously increase
A) the market clearing price definitely rises, and the equilibrium quantity definitely falls. B) the market clearing price definitely rises, and the effect on the equilibrium quantity is indeterminate. C) the market clearing price definitely falls, and the effect on the equilibrium quantity is indeterminate. D) the effect on the market clearing price is indeterminate, and the equilibrium quantity definitely rises.
Estimates of the North American Native American population in 1491:
a. range in hundreds of billions. b. range in the hundreds of thousands. c. range in the millions. d. range in the tens of thousands.
When an individual is unable to alter or undo a past decision he/she incurs an opportunity cost
Indicate whether the statement is true or false