In the market for yen, a decrease in U.S. real interest rates tends to
A. increase excess supply.
B. cause no change in equilibrium price.
C. decrease equilibrium price.
D. increase demand.
Answer: D
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Resource-Advantage Theory developed by Shelby Hunt includes the ideas of family competence or household competence and that __________ is part of family resource management
a. Competition b. Cooperation c. Companionship d. Cognition
According to the Keynesian view, government spending will have its greatest impact during a severe recession because
a. automatic stabilizers will shift the budget toward a surplus during a severe recession. b. underemployed resources will be widespread and the crowding out of private spending will be minimal. c. budget deficits will reduce interest rates and thereby stimulate private investment. d. increases in the government's outstanding debt will lead to lower future taxes.
Economists become policy makers when they deal with ______.
a. objective analysis b. empirical analysis c. positive analysis d. normative analysis
If the marginal benefit were greater than the cost of a good:
A. producers should decrease production. B. consumers could increase their utility by buying more. C. consumers could increase their utility by buying less. D. social net benefit would be maximized.