When a market clearing price is determined
A) the exchange between buyers and sellers is voluntary.
B) the exchange between buyers and sellers is directed by outside factors such as the government.
C) the exchange between buyers and sellers benefits only the buyers.
D) the exchange between buyers and sellers benefits only the sellers.
A
You might also like to view...
What is the national security argument to support protection from international trade?
A) Domestic firms must be protected until they gain a comparative advantage. B) Any firm necessary in wartime must be protected. C) Foreign producers selling below cost to drive domestic firms bankrupt must be stopped. D) Domestic jobs must be protected from competition from low-paid foreign workers. E) Foreigners selling products in the economy limit the nation's diversity and stability.
Mr. Peabody chooses to invest in companies that produce goods and services at the lowest possible cost. Mr. Peabody is investing in companies that are
A) guaranteed to make a profit. B) productively efficient. C) allocatively efficient. D) all of the above
Using a fixed exchange rate to undervalue your currency:
A. will increase your exports. B. makes imports very expensive for your citizens. C. will encourage capital flow to countries other than your own. D. All of these statements are true.
The amount of money that can potentially be generated from each dollar of reserves is measured by the ______.
a. money multiplier b. discount rate c. interest rate d. required reserve ratio