What would be the effect on U.S. interest rates if the Chinese and Japanese governments sold all their U.S. government securities?
A. Interest rates would rise.
B. Interest rates would fall.
C. The selling of Chinese and Japanese U.S. government securities would have very little effect on U.S. interest rates.
A. Interest rates would rise.
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Raul Prebisch was an Argentine economist who argued that
A) the terms of trade would decline for primary commodity exports. B) the terms of trade would decline for manufactured goods exports. C) imports substitution policies were a solution to export pessimism. D) Both A and C. E) Both B and C.
If Big City Appliances is in tacit collusion with three smaller appliance firms and Big City Appliances consistently makes price changes that the other three firms then also make, this is an example of ________ by Big City Appliances.
A) price leadership B) a meet-or-release clause C) a meet-the-competition clause D) a precommitment
The strategy of establishing a price that prevents the entry of new firms is called:
A. price leadership. B. a price war. C. setting a profit-maximizing price. D. limit pricing.
________: system whereby currency values are determined by market supply and demand conditions, with minimal government intervention
Fill in the blank(s) with correct word