Property rights are limited to tangible items such as land and machinery
Indicate whether the statement is true or false
FALSE
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It is possible for an economy to keep its currency overvalued against the dollar if:
A) it sells the domestic currency in the foreign exchange market. B) it has substantial domestic currency reserves. C) it buys the dollar in the foreign exchange market. D) it has substantial dollar reserves.
Between 2003 and 2008, the actual federal funds rate
A) tended to be lower than the rates predicted by the Taylor rule. B) tended to higher than the rates predicted by the Taylor rule. C) followed closely the rates predicted by the Taylor rule. D) moved in directions opposite to the rates predicted by the Taylor rule.
If supply increases and demand decreases, the new equilibrium price will be ________ and the new equilibrium quantity will be ________.
A. lower; lower B. lower; uncertain C. higher; uncertain D. higher; higher
Refer to the following game.Firm AFirm B??Low PriceHigh Price?Low Price(9,10)(8,15)?High Price(-7,10)(11,11)Which of the following is true?
A. There does not exist a dominant strategy for firm A. B. A dominant strategy for firm B is "low price." C. A dominant strategy for firm A is "high price." D. None of the answers is correct.