A bank is an example of a financial intermediary
a. True
b. False
Indicate whether the statement is true or false
True
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International trade based solely on internal scale economies in both countries is likely to be carried out by
A) monopolists in each country. B) a relatively large number of price competing firms. C) a relatively small number of price competing firms. D) a relatively small number of imperfect competitors. E) a large number of oligopolists in each country.
Entrepreneurs, if successful, earn
a. rent b. profit c. wages d. salary e. interest
Suppose that the real exchange rate between the United States and South Korea is defined in terms of baskets of goods. Other things the same, which of the following will increase the real exchange rate (that is increase the number of baskets of South Korean goods a basket of U.S goods buys)?
a. a decrease in the quantity of South Korean currency that can be purchased with a dollar b. a decrease in the price of U.S. baskets of goods c. a decrease in the price in South Korean currency of South Korean goods. d. None of the above is correct.
Refer to the information provided in Figure 3.2 below to answer the question(s) that follow.
Figure 3.2Refer to Figure 3.2. Which of the following would be most likely to cause the demand for macaroni and cheese to shift from D1 to D0?
A. an increase in the price of flour used to make macaroni and cheese B. an increase in income, assuming macaroni and cheese is a normal good C. an increase in the price of macaroni and cheese D. an increase in the quantity demanded for macaroni and cheese