Which of the following has the greatest amount of foreign-exchange reserves in the world?

A) China
B) Ireland
C) Russia
D) Taiwan


A) China

Economics

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You own two different energy drink brands with similar elasticities: "Blue Cow" and "600 minute energy.". If you reduce the price on "Blue Cow", you can only increase your total sales if

a. Prices for "600 minute energy" are increased b. Prices for "600 minute energy" are reduced c. Prices for "600 minute energy" stay constant d. None of the above

Economics

According to purchasing-power parity, if it took 1,100 Korean Won to buy a dollar this year, but it took 1,000 to buy it last year, then the dollar has

a. appreciated, indicating inflation was higher in the U.S. than in Korea. b. appreciated indicating inflation was lower in the U.S. than in Korea. c. depreciated indicating inflation was higher in the U.S. than in Korea. d. depreciated indicating inflation was lower in the U.S. than in Korea.

Economics

Most Americans would voluntarily support defense without required taxation

a. True b. False Indicate whether the statement is true or false

Economics

When it's not clear how to translate available information into something personally meaningful, it's:

A. more likely you'll make a mistake in your choice. B. more likely you'll invest more time in making your choice. C. less likely you'll make a mistake, given the amount of information. D. less likely the choice will have a big impact on you.

Economics