Under China's current regime of fixed exchange rates and capital mobility, the main concern is domestic
A. unemployment
B. inflation
C. depreciation
D. liquidation
Ans: B. inflation
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Which of the following statements is true of competitive market equilibrium?
A) The determination of equilibrium price and quantity is independent of the demand for goods. B) Social surplus is minimized at the competitive equilibrium. C) At the competitive equilibrium, there are no unexploited gains from trade. D) A competitive equilibrium is determined only by a few large sellers in the market.
If future changes in stock prices are unpredictable, then we say that the stock prices follow a
A) random walk. B) straight and narrow path. C) meandering path. D) generalized walk.
Total utility: a. generally diminishes as consumption of a good increases. b. always increases as consumption increases
c. increases only as long as marginal utility increases. d. increases as long as marginal utility is positive.
Most countries historically run a trade surplus or deficit that is less than 5% of GDP.
Select whether the statement is true or false. A. True B. False