Other things the same, an increase in the foreign price level leads to an increase in the real exchange rate
a. True
b. False
Indicate whether the statement is true or false
False
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Economists believe a volunteer military is likely to
A) cost more than a conscripted military. B) cost taxpayers more than a conscripted military would. C) impose higher costs on military personnel than does a conscripted military. D) increase the percentage of incompetent people in the armed forces.
A bond is
A) a claim on the assets of a corporation such that the purchaser has an ownership right in the corporation. B) anything of value to which the firm has a legal claim. C) a means of assuring that the business firm will pay its debts or fulfill other legal obligations. D) a promise to pay for the use of someone else's money.
Asset deflation generally:
A. cannot occur because people will know it will follow asset inflation. B. is more harmful than the preceding inflation was helpful. C. is less harmful than the preceding inflation was helpful. D. is neither good nor bad, it merely redistributes income.
Compared to a cartel, firms in a Cournot Oligopoly
A) make more joint profit. B) sell less output. C) make less joint profit. D) act independently.