The exclusive rights of ownership that allow the use, transfer, and exchange of property are called
A. transaction costs.
B. private property rights.
C. common property rights.
D. social benefits.
Answer: B
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Foreign exchange arbitrage refers to:
a. the simultaneous purchase and sale of a foreign currency asset in different markets to take advantage of a price differential. b. actions taken to lower currency trading risks and make the markets safer. c. the forgiving of penalties and other punishments for illegal foreign exchange activities. d. government purchases or sales of a nation's own currency in international markets to change or stabilize the value of the currency.
The slopes of the curve at points A and B (maximum and minimum) are: 
A. zero and 1. B. zero and zero. C. 1 and zero. D. infinity and zero.
The United States in 2010 had about:
A. 1.8 percent of the world's population and generated about 10 percent of the world's output B. 2.4 percent of the world's population and generated about 20 percent of the world's output C. 4.5 percent of the world's population and generated about 23 percent of the world's output D. 10 percent of the world's population and generated about 30 percent of the world's output
On the graph above, consider a point A on the aggregate supply curve and above the aggregate demand curve. At this point, ________
A) quantity demanded equals output, but the inflation rate will fall, so output will rise B) quantity demanded is greater than quantity supplied, so the inflation rate will rise C) output is greater than the quantity demanded, so output will fall D) the aggregate demand curve will shift to the right until quantity demanded is equal to quantity supplied E) none of the above