An appreciation of the U.S. dollar
Ans: c. makes our exports more expensive in terms of foreign currency and imports cheaper in terms of the dollar, decreasing net exports.
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Which of the following statements is false?
A. As the price paid for a bond rises, the yield declines. B. If you purchase stock from an individual that currently owns the stock, you are buying it in the secondary market. C. The yield on a bond is another term for the coupon rate on a bond. D. A rating of Aaa from Moody's is the highest bond rating given by that rating agency.
One motive for "battling the invisible hand" is
a. unhappiness about the prices that occur in free markets. b. envy toward those who apparently benefit from certain prices. c. a desire to have government "correct" some problems. d. an attempt to produce justice between buyers and sellers. e. All of the above are correct.
People demand money for all of the following reasons EXCEPT
A. it is a store of value. B. it generates a rate of return. C. it is a medium of exchange to make payments. D. it can meet unplanned expenditures.
In analyzing the operation of a firm, an economist assumes the firm wants to
A. maximize total profits. B. maximize total revenue. C. maximize total production. D. maximize total sales.