In a mixed economy, the government plays some role in the working of free markets.
Answer the following statement true (T) or false (F)
True
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When the U.S. dollar depreciates against the yen, the yen ________ and the exchange rate ________
A) appreciates; rises B) depreciates; rises C) appreciates; falls D) depreciates; falls
The existence of dual economies support the argument for _____
a. developing domestic exports b. reducing quotas on foreign goods c. a more active monetary policy d. the free movement of resources e. imposing trade restrictions
Which of the following is an example of a normative, as opposed to positive, statement?
a. Following the most recent recession, the economy is recovering at a slower than usual pace. b. To stimulate the economy during the most recent recession, the federal government increased spending. c. In response to the most recent recession, the federal government extended the duration of unemployment benefits. d. The federal government's responses to the most recent recession were insufficient.
Competitive Market
What will be an ideal response?