The price system features
A. exchanges made in currency only.
B. an exchange in which consumer is made better off and the producer is made worse off.
C. exchanges made only on a barter basis.
D. voluntary exchange that makes both the consumer and producer better off.
Answer: D
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Wages in most other countries have increased as a percentage of U.S. wages in the past 33 years
a. True b. False Indicate whether the statement is true or false
Advances in production technology typically reduce firms' costs, which increases the quantity supplied at each price
a. True b. False Indicate whether the statement is true or false
When the Federal Reserve increases the Federal Funds target rate, it achieves this target by
a. purchasing government bonds. This action will reduce investment and shift aggregate demand to the right. b. purchasing government bonds. This action will increase investment and shift aggregate demand to the right. c. selling government bonds. This action will reduce investment and shift aggregate demand to the left. d. selling government bonds. This action will increase investment and shift aggregate demand to the left.
An exchange rate is
A) the price of one currency in terms of another. B) the monetary value of goods and services exchanged for imports. C) the amount of gold a currency will buy. D) All of the above.