The Single European Act
A) created a common currency.
B) created a free trade area.
C) created a customs union.
D) created a common market for capital and labor.
D
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Which of the following is likely to happen to the demand curve for reserves if the federal funds rate increases?
A) The demand curve for reserves will shift to the right. B) The demand curve for reserves will shift to the left. C) There will be an upward movement along the demand curve for reserves. D) There will be a downward movement along the demand curve for reserves.
Which of the following statements is false?
A. The Wilshire 5000 is a stock index that consists of the stocks of about 6,500 firms. B. Instead of buying a mutual fund that consists of various stocks picked by a fund manager you can buy a mutual fund that consists of the stocks that make up a particular stock index. C. The term Sypders stands for "Standard & Poors Direct Receipts." D. When an investor buys Spyders they are said to "buy the market."
If an exporter's supply curve of a commodity is upward sloping, and if a change in import demands in other countries leads them to increase their exports, other things equal, we would expect a. the domestic price of the commodity will fall
b. the domestic price of the commodity will exceed the price in foreign countries. c. the domestic price of the commodity will be below the price in foreign countries. d. the domestic price of the commodity will rise.
Few bother to think about what makes Florida oranges show up daily in South Dakota supermarkets, but the people of South Dakota are likely to think a great deal about this. Why does someone take the time and energy to assure that oranges which are grown in Florida move more than 1,000 miles before they appear on grocery shelves?