The existence of inflation and other possible uncertainties reduces the usefulness of money as a store of value
a. True
b. False
Indicate whether the statement is true or false
True
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A decrease in supply will occur when
A) the supply curve shifts downward to the right. B) the supply curve shifts upward to the left. C) the demand curve shifts downward to the left. D) the demand curve shifts upward to the right.
Innovative firms face competition much more quickly than they did one hundred years ago
a. True b. False Indicate whether the statement is true or false
Anything that makes it more difficult to exchange one currency for another tends to
A. increase the price of imports. B. decrease the price of imports. C. decrease the price of exports. D. all of the options are correct.
Refer to the information provided in Figure 1.7 below to answer the question(s) that follow.
Figure 1.7Refer to Figure 1.7. The slope of the line between Points A and B is
A. 1.5. B. 0.67. C. -0.67. D. -1.5.