It has been proved empirically that globalization increases economic growth without increasing income inequality within nations
a. True
b. False
Indicate whether the statement is true or false
True
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The fact that exchange rates are nearly identical in different markets around the world is due to
a. the actions of speculators b. official action by central banks around the world c. the actions of arbitrageurs d. agreement by policy makers of the major industrial countries e. the actions of currency converters
The effect of a tax multiplier on aggregate demand is larger than that of the government spending multiplier
a. True b. False Indicate whether the statement is true or false
A market situation where a small number of sellers compose the entire industry is called
a. monopolistic competition. b. monopsony. c. monopoly. d. oligopoly.
The interest rate set for a bond at the time of issuance is the
A. Par value. B. Coupon rate. C. Default rate. D. Liquidity rate.