If Sabrina exchanges dollars for Japanese yen, she
a. causes the balance of payments to become unbalanced, in the short run
b. engages in arbitrage
c. supplies yen on the foreign exchange market
d. supplies dollars on the foreign exchange market
e. first demands dollars then uses them to buy Japanese goods which can be converted into yen
D
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When economies of scale limit the number of firms in an industry to 3, there is a
A) natural monopoly. B) natural oligopoly. C) legal oligopoly. D) legal cartel. E) natural monopolistic competition.
The economy tends to be less stable with a __________ LM curve causing interest rates to be rather __________ to shifts in the IS curve
A) steeper; sensitive B) steeper; insensitive C) flatter; sensitive D) flatter; insensitive
GDP is a measure of an economy's:
A. domestic price level. B. domestic productivity. C. level of unemployment. D. total output.
If you believe that all people are good - you ascribe to this school of thought
a. biological b. cognitive c. structuralism d. humanistic