Good that cost one half dollar in the U.S. cost one euro in Germany, the real exchange rate would be computed as how many German goods per U.S. goods?
a. one half
b. one half the price of the U.S. goods
c. one half the number of euros it takes to buy a U.S. dollar
d. None of the above is correct.
c
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An ordinance making it illegal for people to park commercial vehicles on the street overnight in residential areas
A) protects property rights. B) takes away property rights. C) protects some property rights and takes away others. D) has nothing to do with property rights. E) reduces negative externalities for residents of affected areas.
Which of the following is an advantage of open market operations over other Federal Reserve policy tools?
a. Use of the other tools must be approved by the President. b. Use of the other tools must be approved by Congress. c. Open market operations are more precise. d. Open market operations do not change interest rates. e. The U.S. Treasury and the Fed work together to undertake open market operations.
Nations would gain from trade if a(n) _________ exists
a. absolute advantage b. exchange rate c. specialization d. comparative advantage e. terms of trade
There is a positive relationship between the quantity of reserves supplied and the federal funds rate.
Answer the following statement true (T) or false (F)