When Argentines increase their savings in U.S. dollars, the U.S. money:
A. supply curve shifts left.
B. demand curve shifts right.
C. demand curve shifts left.
D. supply curve shifts right.
Answer: B
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The difference between a tariff and a quota is that the tariff revenue goes to the
A) domestic government. B) holder of the quota license. C) foreign government. D) domestic consumer. E) domestic producer.
Complete tastes are tastes that make people desire at least some of every good.
Answer the following statement true (T) or false (F)
Assume that the Paris First National Bank has deposits of $20 million. If the legal reserve requirement is raised from 20 percent to 40 percent,
a. excess reserves will automatically decrease by $20 million b. required reserves will decrease from $16 million to $12 million c. excess reserves will automatically increase by $20 million d. Paris First National Bank must close out 4 million in loans e. Paris First National Bank must increase its required reserves from $4 million to $8 million
Refer to Table 2.3. Assume that 2010 is the base year. The GDP deflator for 2013 is
A) 67.1. B) 84.5. C) 100.0. D) 118.3.