When American companies buy office buildings in Australia, they are generating a
A. Demand for U.S. dollars and a supply of a foreign currency.
B. Demand for U.S. dollars and a demand for a foreign currency.
C. Supply of U.S. dollars and a demand for a foreign currency.
D. Supply of U.S. dollars and a supply of a foreign currency.
Answer: C
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If social indifference curves are straight lines with slope of -1, the ethical standard for judging outcomes places all weight on the sum of outcomes and no weight on the distribution of outcomes.
Answer the following statement true (T) or false (F)
In the research that used the audit method to send out 5,000 realistic-looking resumes for advertised jobs in Boston and Chicago, the results show that improving your resume by acquiring new skills and job experience appears to
A) matter for whites and for blacks. B) not matter for whites or blacks. C) matter for whites but not for blacks. D) matter for blacks but not for whites.
Keynesians, monetarists, and classical economists all agree that the transactions demand for money is the demand for money by households for
a. precautionary purposes b. spending purposes c. liquidity purposes d. saving purposes e. investment purposes
In which of the following situations is Mahmut using a rule of thumb?
a. He chooses to take the bus to work instead of riding his bike because he injured his knee. b. He switches brands of deodorant because the store didn’t have his usual scent in stock. c. Before moving, he holds a yard sale but doesn’t sell much because his prices are too high. d. While traveling, he eats at a restaurant because its décor reminds him of his favorite restaurant back home.