The nice thing about foreign exchange markets is that the goods are money, and they are paid for with money. This means that if the U.S. dollar ____ the Japanese yen ____
a. goes down; goes down
b. goes up; goes up
c. buys more yen; buys more dollars
d. buys fewer yen; buys fewer dollars
e. buys more yen; buys fewer dollars
e
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Disappointed with problems caused by being a recipient of foreign aid from donor governments, the country of Upsilon should consider
a. refusing all future offers of aid b. privatizing of aid, such as receiving funds from private not-for-profit agencies c. becoming a donor instead d. seeking even more government-sponsored aid e. All of the answers are correct
Income rises after a charity gives poor families free livestock. The harvest that year was also particularly bountiful. The charity should take full credit for the observed increase in the standard of living
a. True b. False Indicate whether the statement is true or false
Changes in monetary policy aimed at reducing aggregate demand involve decreasing the money supply or increasing the interest rate
a. True b. False Indicate whether the statement is true or false
A systematic set of procedures through which knowledge is created is:
A) the economy. B) the scientific method. C) a market. D) a model.