What are the factors affecting the demand for foreign currency?
What will be an ideal response?
Three factors affect the demand for foreign currency. They are expected return, risk, and liquidity.
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If the producer surplus in a market for a good is $36 and the consumer surplus in the market for the same good is $9, the social surplus in the market is ________
A) $4 B) $27 C) $45 D) $324
With the increased usage of cell phone services, what has happened to the price elasticity of demand for land-line telephone services?
A) The absolute value of the price elasticity coefficient has probably gone down. B) It has become more price inelastic. C) It has become more income elastic. D) It has become more price elastic.
All the costs of a transaction are referred to as
A) transfer costs. B) transactions costs. C) marketing expenditures. D) accounting costs.
Unemployment that results when there are more people seeking jobs in a labor market than there are jobs available is called:
What will be an ideal response?