The bank rate is the interest rate charged by the commercial banks to its borrowers
a. True
b. False
Indicate whether the statement is true or false
False
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A one-tail test of significance would be used to determine whether
A) demand for a good is price elastic. B) two goods are substitutes for each other in supply. C) two goods are unrelated to each other in demand. D) supply of a good is price inelastic.
An efficient allocation of goods in an exchange economy means that
A) goods were produced by the most efficient technology available. B) no one can be made better off without making somebody else worse off. C) those made worse off are not hurt as badly as the benefits resulting from those made better off. That is, there is a net positive gain. D) in a particular production process one gets the maximum output for a given input.
Which of the following contains a list only of things that increase when the budget deficit of the U.S. increases?
a. U.S. supply of loanable funds, U.S. interest rates, U.S. domestic investment b. U.S. imports, U.S. interest rates, the real exchange rate of the dollar c. U.S. interest rates, the real exchange rate of the dollar, U.S. domestic investment d. the real exchange rate of the dollar, U.S. net capital outflow, U.S. net exports
In constructing a production possibilities curve, all of the following are assumed EXCEPT
A. the time period involved is fixed. B. resources are fully employed. C. the quantity and quality of resources being used is fixed. D. the state of technology is improving.