a nation is going to achieve and sustain a high rate of economic growth, it must
What will be an ideal response?
have a mechanism capable of attracting savings and channeling them into wealth-creating projects
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A(n) ________ in U.S. prices will cause an increase in the demand for U.S. dollars and a(n) ________ in the (per dollar) exchange rate
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
Eurobanks are essentially intermediaries
Indicate whether the statement is true or false
A natural monopoly occurs when a single firm can produce the entire output of the market at a lower average cost than could many firms.
Answer the following statement true (T) or false (F)
One year before maturity, the price of a bond with a principal amount of $1,000 and a coupon rate of 5 percent paid annually rose to $1,019. The one-year interest rate must be:
A. 5 percent. B. 2 percent. C. 6 percent. D. 3 percent.