Exchange rates allow for a comparison of the trade values of goods and services across countries
a. True
b. False
Indicate whether the statement is true or false
True
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The aggregate demand curve
A) is like individual demand curves in that prices of other goods are held constant. B) is like individual demand curves in that income is constant. C) differs from individual demand curves in that the aggregate demand curve is not downward sloping. D) differs from individual demand curves in that the aggregate demand curve looks at the entire circular flow of income and product while the individual demand curve looks at only one good.
Which of the following is correct?
a. The GDP deflator is better than the CPI at reflecting the goods and services bought by consumers. b. The CPI is better than the GDP deflator at reflecting the goods and services bought by consumers. c. The GDP deflator and the CPI are equally good at reflecting the goods and services bought by consumers. d. The GDP deflator is more commonly used as a gauge of inflation than the CPI is.
What is a natural monopoly? Why is government justified in regulating a natural monopoly?
What will be an ideal response?
Which of the following is NOT a description of indirect finance?
A. A pension fund ompany lends funds to you. B. You take out a student loan from your bank. C. You borrow $10,000 from your parents. D. You buy shares in a mutual fund.