If $1 = 1.50 euros, then what is the equivalent euro price of a clock selling for $30 in the United States?
a. 20 euros
b. 30 euros
c. 45 euros
d. 60 euros
c. 45 euros
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If there is no Ricardo-Barro effect, an increase in the government budget deficit
A) lowers the equilibrium real interest rate. B) decreases the demand for loanable funds. C) increases the supply of loanable funds. D) decreases the supply of loanable funds. E) raises the equilibrium real interest rate.
The FDIC handles most bank failures by the __________ method
A) payoff B) nationalization C) purchase and assumption D) share transfer
Use the above figure. The profit-maximizing price will be
A) P1. B) P2. C) P3. D) P4.
The economic concept of scarcity refers to the fact that:
A. the United States will always have a battle to fight hunger. B. resources are often wasted and shortages are often the result. C. income must be redistributed through taxation in order to address income disparity. D. limited resources require economies to make choices among production alternatives.