Which of the following is NOT an example of a good or service provided by a market?
A. Metered street parking in Sacramento, California
B. Pizza in Toledo, Ohio
C. The air we breathe
D. Illegal sports betting
Answer: C
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If inflation in Mexico is lower than it is in the United States,
A) the purchasing power of the dollar in buying American goods will rise relative to the peso. B) the value of the peso will rise in the long run. C) the value of the dollar will rise in the long run. D) the purchasing power of the peso in buying Mexican goods will fall relative to the dollar.
"The Balance of payments is always balances." Discuss
What will be an ideal response?
An open economy produces most of the goods and services that it needs, with few imports and exports.
Answer the following statement true (T) or false (F)
All of the following shift the aggregate demand curve to the right EXCEPT
A) an increase in expected future profit. B) an increase in foreign income. C) an increase in government expenditure. D) an increase in taxes. E) an expansion of the global economy.