The transformation of an invention into something that benefits the economy is known as
A) a compounder. B) an externality. C) an innovation. D) a patent.
C
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Suppose that the one-year forward price of euros in terms of dollars is equal to $1.113 per euro. Further, assume that the spot exchange rate is $1.05 per euro, and the interest rate on dollar deposits is 10 percent and on euro it is 4 percent
Under these assumptions A) interest parity does not hold. B) interest parity does hold. C) it is hard to tell whether interest parity does or does not hold. D) Not enough information is given to answer the question. E) interest parity fluctuates.
The demand for houses decreases, all else equal, when
A) wealth increases. B) real estate prices are expected to increase. C) stock prices become more volatile. D) gold prices are expected to increase.
Refer to the accompanying figure, which shows the market for cups of coffee. What might cause a shift from the original supply curve to the new supply curve?
A. A news report that coffee consumption increases longevity B. An increase in the price of tea C. A new technology that reduces amount of coffee beans needed to make a good cup of coffee D. A storm that wipes out a large part of the coffee crop
Which of the following would NOT lead to crowding out?
A) Expansionary fiscal policy depreciates the exchange rate. B) Expansionary fiscal policy raises foreign income. C) Expansionary fiscal policy raises the money supply. D) Expansionary fiscal policy increases net exports.