French and German farmers wanting to buy equipment from an American manufacturer based in the U.S. will be:
A. Supplying dollars and also supplying euros in the foreign exchange market
B. Demanding dollars and also demanding euros in the foreign exchange market
C. Supplying dollars and demanding euros in the foreign exchange market
D. Supplying euros and demanding dollars in the foreign exchange market
D. Supplying euros and demanding dollars in the foreign exchange market
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Each person who is 16 years or older is considered to be in one of the following categories:
A. part-time worker, full-time worker, or unemployed. B. employed, unemployed, or discouraged worker. C. part-time worker, full-time worker, or out of the labor force. D. employed, unemployed, or out of the labor force.
Which of the following is a problem that arises when trying to classify regional trade agreements?
A) Many agreements combine elements from different categories. B) The definition of free trade area includes that of a customs union. C) Some agreements include cultural issues while others do not. D) The most favored nation clause includes all of them. E) None of the above.
Standardization of derivative contracts
A) increases their liquidity. B) is the rule with respect to contracts whose underlying asset is a financial security, but not for contracts whose underlying asset is a commodity. C) is the rule with respect to contracts whose underlying asset is a commodity, but not for contracts whose underlying asset is a financial asset. D) has been proposed many times by financial analysts, but has not yet been carried out by the SEC.
If low-income households spend a larger share of their income on food than do high-income households, then a tax on food is:
A. a way to redistribute from the wealthy to the poor. B. a regressive tax. C. a proportional tax. D. a progressive tax.