The foreign exchange market is the market on which the ________ of various nations are traded for one another.
A. currencies
B. goods and services
C. international financial securities
D. stocks and bonds
Answer: A
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The above table shows Tammy's total utility from videos and CDs. If Tammy has $70 to spend on videos and CDs and if the price of a video is $10 and the price of a CD is $20, then Tammy maximizes her utility by purchasing
A) 3 CDs and 1 video. B) 1 CD and 5 videos. C) 2 CDs and 3 videos. D) none of the above
Monopolistic competition has at least one similarity to perfect competition: firms are free to enter and leave the industry
a. True b. False Indicate whether the statement is true or false
If the Federal Reserve wanted to expand the money supply in order to increase output, it should
a. sell government bonds, which will increase the money supply; this will cause interest rates to fall and aggregate demand to rise. b. buy government bonds, which will increase the money supply; this will cause interest rates to fall and aggregate demand to rise. c. increase the discount rate, which will raise the market rate of interest; this will cause both costs and prices to rise. d. decrease taxes, which will reduce costs and cause prices to fall.
The Effect of State and Local Government Spending on GDP
What will be an ideal response?