In Thailand in the late 1990s, there was pressure for the value of the baht to decline as foreign investors began to
A) increase their investments in Thailand and exchanged their dollars for baht.
B) increase their investments in Thailand and exchanged their baht for dollars.
C) sell off investments they had made in Thailand and traded in their baht for dollars.
D) sell off investments they had made in Thailand and traded in their dollars for baht.
C
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The recession of 1937-38 could be blamed on
A. the Roosevelt Administration's deficit spending. B. the Roosevelt Administration's attempt to balance the budget. C. the Federal Reserve's driving down interest rates. D. a large tax cut.
The larger the implicit costs of a business:
A. the greater accounting profit will be. B. the more likely it will be a successful venture. C. the smaller economic profit will be. D. the smaller the explicit costs will be.
The most fundamental function of prices in a market economy is to provide
A. Information about the relative scarcities of resources and goods and services. B. The data necessary to calculate rates of inflation. C. The basis for the calculation of sales tax. D. Maximum profits to producers.
The Law of Supply ensures that supply curves slope upward
Indicate whether the statement is true or false