Which of the following would cause an increase in the demand for us dollars?
a. An interest rate cut in the US
b. An interest rate cut in Europe
c. An interest rate increase in Europe
d. A recession in Europe
e. Less desire by Europeans for US goods
b. An interest rate cut in Europe
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Mass production is possible only if there is also __________________________.
Fill in the blank(s) with the appropriate word(s).
The biggest wave of bank failures in the U.S. occurred:
A) during the Great Depression. B) before the Great Depression. C) during 2007 to 2009. D) in the early 1990s.
Jim is haggling with a car dealer, along with another customer, over the sale price of a used car. When he entered the store, the storekeeper was already haggling with the other customer. His bargaining position would improve if
a. The other customer leaves b. He receives an offer from a competing car dealer c. He can make it clear that he will leave if his offer isn't accepted d. All of the above
A tax that creates an excess burden may nevertheless improve efficiency if
a. consumption of the good has been generating beneficial externalities. b. consumption of the good has been generating no externalities. c. consumption of the good has been generating detrimental externalities. d. the good has been supplied by a monopolist.