A currency drain occurs because people want to hold some of their money as currency rather than as deposits
Indicate whether the statement is true or false
TRUE
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Refer to the figure above. Which of the following methods is the best to compensate the losers from opening Lithasia to international trade?
A) Sellers in Lithasia could be taxed and the revenue could be used to compensate buyers. B) Buyers in Lithasia could be taxed and the revenue could be used to compensate sellers. C) Both buyers and sellers could be taxed and the revenue could be retained by the government. D) The sellers in Lithasia could sell the pens at a price above the equilibrium price in the domestic market.
Between 1972 and 1999, the majority of loans to HIPC countries went to regimes considered "not free," and between 1985 and 1995, to places that were considered "corrupt" by international organizations
Indicate whether the statement is true or false
Which of the following factors could cause the economy to experience supply-side inflation?
A. Develop new technology to increase productivity. B. government laws which say that the average work week must be reduced by one hour every year C. increased security about jobs and future income D. Increase the number of immigrants allowed into the country.
Refer to the information provided in Figure 15.5 below to answer the question(s) that follow. Figure 15.5 Refer to Figure 15.5. Assume The Custom Sweater Shop has fixed costs of $500 and is a monopolistically competitive firm. At the profit-maximizing output in the short run, the firm ________ of $46.
A. earns a profit B. should set a price C. has an average total cost D. has an average variable cost