What is the main function of leading indicators?
a. They provide information about the direction in which an economy might be moving in the short term future.
b. They reveal important structural deficiencies in an economy and are therefore useful for predicting long-term economic growth potential.
c. The index of leading indicators is the key measure of a nation's economic growth and development.
d. They show how to correct economic recessions and/or hyperinflation.
e. Leading indicators are exclusively used by central bankers to help them determine the monetary base.
.A
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Which of the following would be considered an economic function of government?
A) providing a legal system B) promoting competition C) providing public goods D) All of the above are correct.
Normally, both buyers and sellers of a good become worse off when the good is taxed
a. True b. False Indicate whether the statement is true or false
If the demand for dollars in the market for foreign-currency exchange shifts right, then the exchange rate
a. rises and the quantity of dollars exchanged rises. b. rises and the quantity of dollars exchanged does not change. c. falls and the quantity of dollars exchanged falls. d. falls and the quantity of dollars exchanged does not change.
If the elasticity of demand for cigarettes by teenagers is 1.5, then the price and total revenue from teens buying cigarettes are:
A. zero. B. unrelated. C. inversely related. D. directly related.