Prostitution and sale of illegal drugs are typically part of the underground economy.
Indicate whether the statement is true or false.
Answer: True
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The costs of inflation to firms due to reprinting price lists are known as
A) seigniorage. B) menu costs. C) velocity costs. D) shoe-leather costs.
Economists measure the price level
A. by keeping track of nominal GDP. B. using a price index. C. by measuring the growth rate in money supply. D. by measuring the growth rate in real GDP.
The buying and selling of foreign currency by the central bank is a trade policy whose objective is:
A. reducing purchases of assets abroad. B. stabilizing the exchange rate against external shocks. C. stabilizing the interest rate against foreign capital outflows. D. promoting long term economic growth.
Which of the following companies would benefit the most from a carbon tax?
A. A trucking company B. A coal mining equipment manufacturer C. A producer of wind turbines D. An oil company