The supply of Thai baht in the foreign exchange market originates with:
a. tourists who go on vacation to Thailand.
b. the export of Thailand oranges and other goods.
c. Thai residents who wish to purchase goods from other countries.
d. the Thai royal family.
e. Thai central bank intervention to stop the peseta from depreciating.
c
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A producer can raise profit by expanding output if his:
a. marginal revenue is equal to marginal cost. b. marginal revenue is less than marginal cost. c. marginal revenue is negative. d. marginal cost is negative. e. marginal revenue is greater than marginal cost.
Assuming GDP remains constant, if Country A has a deficit in its balance on goods and services, then which of the following will make it more negative?
a. Increased investment. b. Increased saving. c. Increased taxes. d. Reduced government spending. e. None of the above.
Demand-side inflation occurs when
A. increases in aggregate demand are not matched by increases in aggregate supply. B. aggregate demand falls more rapidly than aggregate supply. C. increases in aggregate supply outstrip increases in aggregate demand. D. long-run aggregate demand rises faster than short-run aggregate supply.
The size of a tax distortion depends on how elastic the parties are to a transaction.
Answer the following statement true (T) or false (F)