Currently, the United States is both a net borrower and a debtor nation
Indicate whether the statement is true or false
TRUE
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Governments can discourage consumption of certain goods by:
A. a subsidy to consumers in those markets. B. taxing substitute goods. C. imposing a minimum price above the equilibrium price. D. None of these policies decrease consumption of goods.
Suppose a bank is operating with a leverage ratio of 10 . A 6 percent increase in the value of assets
a. will reduce liabilities by 6 percent. b. will result in a 60 percent increase in owner's equity. c. will result in a 60 percent decrease in owner's equity. d. will reduce liabilities by 10 percent.
Under the gold standard system, 1 ounce of gold was worth $23 in the United States and worth 15.5 pounds in Great Britain. If the price of gold in Great Britain decreases by 10%, then:
A) the new exchange rate would show approximately 10% depreciation of the dollar. B) $1 = 1.64 pounds. C) 1 pound = $1.64. D) the new exchange rate would show approximately 10% depreciation of the dollar, and 1 pound would be equal to $1.64.
If quantity demanded is greater at each price, we say that there has been
A. an increase in supply. B. an increase in demand. C. a decrease in supply. D. a decrease in demand.