The primary international reserve asset is foreign currency, mainly _____
a. Japanese yen
b. eurobonds
c. ringgit
d. U.S. dollars
e. Chinese yuan
d
You might also like to view...
A country's labor demand curve shifted to the right after the adoption of a new technology. This implies that the use of the new technology ________, assuming all else equal
A) reduced the marginal product of labor B) lowered the minimum wage that firms need to pay C) increased the minimum wage that firms need to pay D) increased the marginal product of labor
A kink in the demand curve facing an oligopolist is caused by:
a. the belief that competitors will follow price increases but not match price decreases. b. excessive advertising. c. rapidly rising marginal revenues. d. the assumption that competitors will follow price reductions but not price increases.
To what extent should monetary policy be used to fine-tune the economy?
As the term "opportunity cost" is defined in the text, the opportunity cost of going to college includes
a. both tuition and the value of the student's time. b. tuition but not the value of the student's time, which is a cash cost. c. the value of the student's time but not tuition, which is a monetary cost. d. neither tuition nor the value of the student's time, since obtaining a college degree makes one's income higher in the future. e. neither tuition nor the value of the student's time, at least at subsidized state universities.