The economic perspective entails:
A. irrational behavior by individuals and institutions.
B. a comparison of marginal benefits and marginal costs in decision making.
C. short-term but not long-term thinking.
D. rejection of the scientific method.
Answer: B
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In an open economy with few capital restrictions and substantial import-export trade, a rise in interest rates and a decline in the producer price index of inflation will
a. raise the value of the currency b. lower the nominal interest rate c. increase the volume of trading in the foreign exchange market d. lower the trade-weighted exchange rate e. increase consumer inflation.
Indirect stock ownership is used to hide information about actual stock ownership for purposes of income tax evasion
Indicate whether the statement is true or false
A free-rider is someone who receives the benefit of a good but avoids paying for it
a. True b. False Indicate whether the statement is true or false
Which of the following does the U.S. president appoint and the U.S. Senate confirm?
a. members of the Board of Governors and regional Federal Reserve Bank Presidents. b. members of the Board of Governors but not the regional Federal Reserve Bank Presidents. c. the regional Federal Reserve Bank Presidents, but not members of the Board of Governors. d. neither members of the Board of Governors nor regional Federal Reserve Bank Presidents.