Exchange rates are determined in
A) the money market.
B) the foreign exchange market.
C) the stock market.
D) the capital market.
B
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"If an individual is to maximize the utility received from consumption, he or she should spend all available income. . . .". This statement assumes
a. that saving is impossible. b. that the individual is not satiated in all goods. c. that no goods are "inferior.". d. Both a and b.
Refer to the graph shown.
If the price of Israeli shekels is $1.10, the quantity of shekels supplied is:
A. less than the quantity demanded. This causes the shekel to gain value. B. greater than the quantity demanded. This causes the shekel to gain value. C. less than the quantity demanded. This causes the shekel to lose value. D. greater than the quantity demanded. This causes the shekel to lose value.
The demand for inputs is ________ because it depends on the demand for outputs.
A. unrelated to cost B. inconsequential C. a secondary demand D. a derived demand
Define the term rent. Explain why confiscation of rents would cause more than a simple transfer of income from resource owners to the government.
What will be an ideal response?