Monetary reform is a new monetary policy that includes:
a. the introduction of a new unit of currency.
b. a reduction in borrowing.
c. an increase in government spending.
d. the issuing of more currency.
e. an increase in taxes.
a
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Suppose that the price elasticity of demand for mittens is –2.5 . What would happen to the quantity of mittens demanded if the price of mittens rose from $5 to $6? Use the midpoint formula in your calculations
What will be an ideal response?
If you worked 35 hours a week at a minimum wage job you could ________ a family of four above the poverty line.
A. easily keep B. barely keep C. not come close to keeping
During the past 10 to 20 years, a considerable amount of foreign capital has flowed into China. What is an implication of capital flow on the composition of Chinese trade?
a. There should be no change in the composition of China's trade. b. There should be a shift toward the export of more laborintensive products. c. There should be a shift toward the export of more capitalintensive products. d. There should be a shift toward the import of more capitalintensive products.
The way that economists explain it, the worker is a ________ in the________ market.
A. buyer; job B. seller; labor C. buyer; labor D. seller; job