A firm will use land up to the point at which the MRP of land is equal to the price of land.
Answer the following statement true (T) or false (F)
True
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The term "dirty float" is used to describe a
a. black market in foreign currencies. b. floating currency that is "managed" by central bank authorities. c. nation that switches from free to fixed exchange rates. d. currency system used only in inflationary periods.
Expenditures for services such as tourism, income for foreign investment, and foreign gifts are tabulated in the:
a. official reserve account. b. current account. c. capital account. d. goods account.
The opportunity cost of government purchases is greater when financed by borrowing than when financed by taxes.
Answer the following statement true (T) or false (F)
Core inflation refers to the inflation picture after stripping away the:
A. Capital goods prices B. Food and energy prices C. Government-regulated prices D. Service-sector prices