Moral hazard encourages people to take risks.
Answer the following statement true (T) or false (F)
True
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Physical currency is ________ popular than e-cash, ________
A) less; and both are portable and recognizable B) more; and both are portable and recognizable C) more; but only physical currency is portable and recognizable D) more; and both are portable, untraceable and anonymous E) less; but both are portable, untraceable and anonymous
The main reason central banks engage in foreign-exchange interventions is to
A) stabilize the domestic money supply. B) stabilize domestic interest rates. C) stabilize foreign interest rates. D) stabilize the exchange rate.
If 1 U.S. dollar exchanges for 7.89 South African rand, how much would it cost in rand to purchase a Dell P.C. priced at $795?
What will be an ideal response?
The input-substitution effect associated with an increase in the wage implies that as the wage increases, a firm will substitute other inputs for the relatively expensive labor.
Answer the following statement true (T) or false (F)