Generally, most of the world's industrial countries believe that central banks should be independent of their governments
a. True
b. False
Indicate whether the statement is true or false
True
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In the United States, which factor of production earns the largest share of the nation's total income?
What will be an ideal response?
In the foreign exchange market, how will each of the following influences affect the demand for dollars and the demand curve for dollars?
a. an increase in the exchange rate b. an increase in the U.S. interest rate c. a fall in the expected future exchange rate
An uncrowded toll road is ________ because it is ________
A) a public good; both nonrival and nonexcludable B) not a public good; nonrival but excludable C) not a public good; nonexcludable but rival D) not a public good; both rival and excludable
Cash may be preferred to food stamps because additional cash
A) rotates the budget constraint. B) shifts out the budget constraint at every point. C) provides a smaller opportunity set. D) allows the purchase of more food.