Direct foreign investment has been most critical for China's domestic consumer market
Indicate whether the statement is true or false
FALSE
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The institution charged with creating and regulating the U.S. money supply is the
a. U.S. Treasury b. Federal Reserve System c. Department of Commerce d. Department of Weights and Measures e. U.S. Mint
A ray through the origin always has a slope of one
a. True b. False Indicate whether the statement is true or false
If a liquidity trap exists, people are likely to be thinking that
A) bond prices are so low that they have nowhere to go but up; given this, now is a good time to be holding bonds. B) bond prices are so high that they have nowhere to go but down; given this, it is better not to be holding bonds. C) bond prices will soon rise so it is better to get out of bonds now. D) interest rates will soon fall.
Suppose the own price elasticity of demand for good X is ?0.5, and the price of good X increases by 10 percent. We would expect the quantity demanded of good X to:
A. decrease by 5 percent. B. increase by 20 percent. C. increase by 5 percent. D. decrease by 20 percent.