A survey done by the Bank of International Settlements found the _____________ market to be the largest market in the world economy.
a. online
b. capital
c. foreign exchange
d. stock
c. foreign exchange
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Net exports will be negative if:
A. imports exceed exports. B. exports exceed imports. C. it is a closed economy. D. it is an open economy.
Which of the following is consistent with the equation of exchange?
A) Total spending must equal the total sales revenues of business firms. B) The money supply multiplied by velocity must equal GDP. C) The money supply multiplied by velocity must equal the price level times Real GDP. D) a and b E) a, b and c
The profits of the follower in a Stackelberg duopoly:
A. All the statements associated with this question are correct. B. are less than those of the leader. C. are greater than those of the leader. D. equal those of the leader.
Which one of the following items is not accounted for in the flow of "net taxes" in the circular flow model with a government sector?
A. Salaries to military personnel, public school teachers, and government inspectors B. Transfer payments such as Social Security benefits C. Subsidies to farmers, airlines, and others D. Proprietary income generated by public utilities and state lotteries