Most development economists agree that the most basic and important task of any government is to:
A. create a stable political system.
B. provide national health care system.
C. maintain a stable currency.
D. ensure basic education for all citizens.
A. create a stable political system.
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According to Keynes, the adoption of an expansionary fiscal policy will cause: a. both equilibrium price level and equilibrium output to rise
b. equilibrium price level to rise and equilibrium output to fall. c. equilibrium price level to fall and equilibrium output to rise. d. both equilibrium price level and equilibrium output to fall. e. equilibrium price level to remain the same and equilibrium output to fall.
If the yen price of dollars falls, then the dollar price of yen rises
a. True b. False Indicate whether the statement is true or false
What is the impact on the foreign exchange rate?
a. The euro depreciates in value compared to the U.S. dollar.
b. The dollar price of euros increases from $1.50 to $1.90.
c. The euro can buy a greater number of units of dollars than before.
d. The dollar price of euros decreases from $1.50 to $1.00.
Fast-second strategies are more likely to be used by:
A. dominant firms than by start-up firms. B. pure competitors rather than by oligopolists. C. start-up firms rather than by existing firms. D. entrepreneurs rather than by corporations.