If the Fed raises the U.S. interest rate, the demand for dollars ________ and the exchange rate ________
A) increases; rises
B) increases; falls
C) decreases; rises
D) decreases; falls
A
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The above figure shows a housing market with a rent ceiling equal to $1,000. In this figure, what area is equal to the resources lost due to search?
A) area A B) area B C) area C D) area D E) area E
As the price of good Z falls, the quantity demanded of good Z rises, but the quantity supplied of good Z does not change. Based upon this information we can conclude that the demand curve for good Z is ________________ and the supply curve for good Z is ________________
A) downward sloping; upward sloping B) upward sloping; downward sloping C) upward sloping; vertical D) downward sloping; vertical E) vertical; downward sloping
Most economists favor less interference in the marketplace by government because
A. economists ignore the positive impact of government because they focus only on GDP. B. they believe that corporations and individuals are in a better position to know which investments are most likely to pay off. C. economists have a lot of money invested in the stock market, and they don't want the government to spoil their investments. D. the government is too corrupt.
Figure 4-20
Refer to . As the figure is drawn, who sends the tax payments to the government?
a.
the buyers
b.
the sellers
c.
A portion of the tax payments is sent by the buyers and the remaining portion is sent by the sellers.
d.
The question of who sends the tax payments cannot be determined from the figure.