For barter to occur there must be
A. no markets for people to exchange goods.
B. one person who pays cash.
C. services in exchange for goods.
D. a double coincidence of wants for each good to be exchanged.
Answer: D
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A change in any of the following factors EXCEPT ________ shifts the aggregate demand curve
A) expectations about the future B) the money wage rate C) monetary and fiscal policy D) foreign income E) the foreign exchange rate
Why might a nation seek to maintain a pegged exchange rate?
A) It makes business planning easier for firms involved in the global economy. B) It removes the need to intervene in the foreign exchange market. C) It ensures that the exchange rate will remain at its equilibrium. D) It makes their currency more attractive on the foreign exchange market.
The funds that polluters pay that gives them the right to discharge into the air or water a certain amount of pollution are
A. special subsidies. B. effluent fees. C. external costs. D. regulation fees.
A variable that tends to move in advance of aggregate economic activity is called
A. a leading variable. B. a coincident variable. C. a lagging variable. D. an acyclical variable.