Which of the following is a reason why an American would demand British pounds?
a. To purchase British real estate
b. To purchase Japanese semiconductors
c. To purchase French government bonds
d. To purchase stocks on the New York Stock Exchange
e. To purchase a ticket to see a British film in the U.S.
A
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The income of a resource whose supply is fixed is entirely economic rent
a. True b. False
If output rises, then income
a. drops by an equal amount b. remains stable c. rises twice as fast as output d. rises slowly e. rises by an equal amount
Which of the following is provided by Supplemental Security Income (SSI)?
a. Cash support for the disabled and elderly poor b. Debit cards for the poor to purchase food c. Rent assistance for the poor and near-poor d. Food assistance for pregnant women and newborns
Why do people often hold money instead of bonds?
A. Bonds pay interest. B. Money is less liquid than bonds. C. Money is needed for transactions. D. Of the two, only money is a store of wealth.