What is exchanged in the financial sector?
A. Only assets with a money price
B. Money only
C. Goods and services
D. All financial assets
Answer: D
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What is purchasing power parity and what happens when this condition doesn't hold?
What will be an ideal response?
According to the text, the relationship between economic growth and the degree of how closed an economy is
A) positive. B) negative. C) constant. D) unstable.
Which statement is true?
A. Large denomination time deposits are part of M2 but not M3. B. Large denomination time deposits are part of M3 but not M2. C. Small denomination time deposits are part of M2 but not M3. D. Small denomination time deposits are part of M3 but not M2.
When choosing among products, consumers look at
A. The marginal utility per dollar and their budget constraint. B. Only their budget. C. The marginal utility of the good. D. The total utility that will be gained at the end of all consumption.