The rate at which nations will exchange goods and services is known as the
A) exchange rate. B) transfer rate. C) terms of exchange. D) terms of trade.
D
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Which of the following Federal Reserve Banks carries out the decisions of the FOMC?
A) the Kansas City Federal Reserve Bank B) the New York Federal Reserve Bank C) the Dallas Federal Reserve Bank D) the San Francisco Federal Reserve Bank E) the Atlanta Federal Reserve Bank
Use the information in the above table. The external marginal costs are
A. decreasing. B. inverse to quantity produced. C. constant. D. increasing.
Why might firms pay wages that are above the equilibrium wage in a market?
A) to increase the productivity of their workers B) to reduce the unemployment rate C) to encourage workers to form labor unions D) to reduce profit
If an individual is a debtor
A. the substitution effect of an interest rate increase is zero. B. the income and substitution effects of an increase in the interest rate work in opposite directions. C. the income effect of an interest rate increase is zero. D. the income and substitution effects of an increase in the interest rate work in the same direction.