If real interest rates in Japan fall relative to real interest rates in the United States, the yen will likely __________ in terms of the dollar and the dollar will likely __________ in terms of the yen
A) appreciate; depreciate
B) depreciate; appreciate
C) remain unaffected; remain unaffected
D) remain unaffected; appreciate
E) remain unaffected; depreciate
B
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If the market demand curve does not capture all of the benefits to society of buying an additional unit of good, then:
A. the allocation of resources will be socially optimal. B. the market equilibrium will not be efficient. C. the market equilibrium will be socially optimal. D. the market will not be in equilibrium.
The most liquid securities traded in the capital market are
A) corporate bonds. B) municipal bonds. C) U.S. Treasury bonds. D) mortgage-backed securities.
To be counted in the labor force
A) a person has to be working at least 40 hours per week. B) a person has to be at least 16 or older, have a job, or if unemployed has to be actively seeking employment. C) a person, irrespective of his or her age, has to be working or, if out of work, actively seeking employment. D) a person has to be over 16 years of age, irrespective of whether she or he is actively seeking work.
Baumol and Blinder argue that oligopolies are interdependent firms. What do they mean by this? Give three examples of the types of interdependence which might occur