On a one-dollar bill the letter in the middle of the seal indicates the
a. currency printing batch
b. year of planned removal from circulation
c. district bank issuing the bill
d. legal reserve requirement
e. type of paper used
C
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Under a system of fixed exchange rates, what happens if a country's currency is overvalued?
A) The central bank loses official reserve assets. B) The central bank gains official reserve assets. C) The currency appreciates. D) The exchange rate rises.
Economic analysis that focuses on bounded rationality and psychological insights is known as: a. behavioral economics. b. Keynesian economics. c. Austrian economics
d. supply-side economics.
The statement “saccharine causes cancer” is not a theory; it is a hypothesis.
Answer the following statement true (T) or false (F)
Human capital is
a. a stock of equipment and structures. b. the result of investments workers make in themselves such as education. c. a difference in wages that arises to offset the nonmonetary characteristics of different jobs. d. a characteristic that affects a worker's self-esteem but not her wages.