If at a given exchange rate U.S. citizens wanted to buy more foreign bonds
a. the demand for dollars in the market for foreign-currency exchange would shift right.
b. the demand for dollars in the market for foreign-currency exchange would shift left.
c. the supply of dollars in the market for foreign-currency exchange shifts right.
d. the supply of dollars in the market for foreign-currency exchange shifts left.
c
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Who among the following list of people is an early 20th century economist from Yale University who wrote the book The Theory of Interest?
A) Gustav Cassel B) Irving Fisher C) David Ricardo D) Paul Krugman E) Israel Kirzner
Since 1973 "dirty floats" have been required because
A) PPP has not held. B) high inflation countries have stronger currencies than countries with low inflation. C) countries are not cooperating as much as original theorists predicted. D) in the short run, monetary and fiscal policy only affects the autonomous home economy. E) countries with a floating exchange rate have laissez-faire economies.
?Wind ChimesSun DialsDeena912Artie68 Table 3.4Consider two individuals, Artie and Deena, who produce wind chimes and sun dials. Artie's and Deena's weekly productivity are shown in Table 3.4. Which of the following is true?
A. Artie has a comparative advantage in producing wind chimes but not sun dials. B. Artie has a comparative advantage in producing sun dials but not wind chimes. C. Artie has a comparative advantage in producing both goods. D. Artie does not have a comparative advantage in producing either good.
Which of the following is an example of statistical discrimination?
A. An employer hires only white workers even though there are otherwise identical African- American workers available at lower pay. B. Women students in college business schools are overrepresented in human resource management courses and underrepresented in finance courses. C. A young woman who plans to work for only five to seven years after graduating college decides that getting an advanced degree "just won't pay off." D. A firm hires a man rather than a woman for a specific job because, on average, women have higher rates of absenteeism than do men.V