When the Swiss franc appreciates relative to the dollar
A. it becomes less expensive in terms of the dollar.
B. it takes fewer dollars to buy a Swiss franc.
C. it takes more dollars to buy a Swiss franc.
D. None of these statements are true.
C. it takes more dollars to buy a Swiss franc.
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When the Fed buys government securities, it:
A. lowers the cost of borrowing from the Fed, encouraging banks to make loans to the general public. B. raises the cost of borrowing from the Fed, discouraging banks from making loans to the general public. C. increases the amount of excess reserves that banks hold, encouraging them to make loans to the general public. D. increases the amount of excess reserves that banks hold, discouraging them from making loans to the general public.
Which statement is false?
A. Crime and drugs are central to the ghetto culture. B. Ghetto residents are more likely to be street crime victims than middle class people. C. A basic way to reduce crime would be to alleviate poverty. D. None of these statements are false.
Amanda can prepare a Thai meal for a group in 2 hours and can type a 10 page paper in the same amount of time. Morgan can prepare the meal in 3 hours. Morgan will be the more efficient typist as long as she can type the a paper in less than
a. 4 hours. b. 3 hours. c. 2 hours. d. 1 hour.
A horizontal demand curve indicates perfectly elastic demand
a. True b. False Indicate whether the statement is true or false