International reserves are
a. foreign exchange held by governments only
b. foreign exchange held by central banks only
c. foreign exchange held by governments or central banks
d. gold only
e. various internationally acceptable assets
E
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Which of the following is a microeconomic topic?
i) Gas prices increase after a hurricane hits the gulf coast. ii) Xavier starts a new business designing web pages. iii) Abby decides to practice an extra hour of soccer instead of studying. A. i, ii and iii
Refer to Figure 10.7. A movement from point B to point D could be caused by
A) an increase in the target interest rate. B) an increase in consumer confidence. C) an increase in the term structure effect. D) a decrease in the expected rate of inflation.
Refer to Figure 6.4. If producers currently gain at the expense of consumers, a minimum price must have been set at:
A. A. B. B. C. C. D. There is not sufficient information.
An area of economics that explores how contract or transaction structures can overcome asymmetric information problems is
A. behavioral economics. B. econometrics. C. adverse selection. D. mechanism design.