The role of platform firms is to
A) reduce the amount of market competition among sellers.
B) lower transaction costs for buyers and sellers.
C) reduce the level of voluntary exchanges in markets.
D) reduce the amount of information in the price system.
Answer: B
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In the early 1960s and early 1970s, the United States has run
a. small trade deficits. b. large trade surpluses. c. small trade surpluses. d. large trade deficits.
If the U.S. exports passenger jet aircraft, what is the effect in the foreign exchange market?
a. It will create demand for U.S. dollars. b. It will reduce demand for U.S. dollars. c. It will increase supply of U.S. dollars. d. It will decrease supply of U.S. dollars.
In March of 2014, China's official holdings of foreign exchange reserves
A. rose to $4 trillion. B. fell to $2 trillion. C. rose to almost $7 trillion. D. fell to below $1 trillion.
Which of the following if true would suggest that an expansionary gap exists in an economy?
What will be an ideal response?