When reality show participants travel through foreign countries, they are generating a
A. Supply of U.S. dollars and a demand for a foreign currency.
B. Supply of U.S. dollars and a supply of a foreign currency.
C. Demand for U.S. dollars and a supply of a foreign currency.
D. Demand for U.S. dollars and a demand for a foreign currency.
Answer: A
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The government purchases component of GDP includes:
A. purchases of final goods and services. B. payments made to social security recipients. C. interest payments on government debt. D. transfer payments.
Refer to Figure 4.7. You should definitely not ask for points if you believe that ________ of your classmates have asked for points
A) none B) less than five C) five or more D) between one and three
A higher savings rate that leads to an increase in the capital stock
A) leads to higher interest rates. B) leads to increases in labor productivity. C) immediately decreases investment. D) is associated with a decrease in the rate of growth of the population.
In the short run, if the marginal cost exceeds the marginal revenue, a perfectly competitive firm should:
a. raise the level of output to maximize profit. b. keep the level of output constant. c. raise the level of output to minimize loss. d. reduce the level of output to minimize loss. e. shut down.