If the equilibrium exchange rate is $1 = 90 yen, then at an exchange rate of $1 = 80 yen there is a
A) surplus of yen.
B) shortage of yen.
C) shortage of dollars.
D) a and c
E) b and c
D
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The instructions and rules for the alternative minimum tax are generally
A. far easier to understand than the instruction and rules for the 1040. B. no more or less difficult to understand than the instructions and rules for the 1040. C. far easier to understand than the instruction and rules for the 1040EZ. D. much more complicated than the instructions and rules for the 1040.
The fact that individuals whose credit worthiness is less than it appears to be are those who are most willing to borrow funds at any given interest rate is an example of
A) moral bonuses. B) diverse origins. C) symmetric information. D) adverse selection.
In the long-run equilibrium in a perfectly competitive market, the economic profit of the firms is
A) positive. B) negative. C) zero. D) increasing.
Which of the following is an example of monetary policy?
a. Regulating financial capital markets b. Decreasing the tax rate c. Increasing the amount of government spending d. Regulating factors of production