In the foreign exchange market, a change in which of the following will result in a movement along the demand curve for U.S. dollars?
A) the exchange rate
B) the U.S. interest rate
C) the interest rate in the foreign country
D) the expected future exchange rate
A
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Long-run economic growth requires all of the following except
A) government provision of secure property rights. B) political instability. C) technological change. D) increases in capital per hour worked.
If the government implements a price ceiling on insulin, this will have all of the following effects on the market for insulin except
A) an increase in deadweight loss. B) a decrease in producer surplus. C) a more efficient equilibrium. D) a decrease in economic surplus.
Adam Smith's basic economic philosophy stated in The Wealth of Nations can be stated as:
a. laissez faire. b. allow to act. c. the least government is best. d. all of these.
An increase in the number of students graduating with a major in psychology would result in
a. a decrease in the supply of psychologists that would increase the wage of psychologists and decrease the number employed. b. an increase in the supply of psychologists that would decrease the wage of psychologists and increase the number employed. c. a decrease in the demand for psychologists that would decrease the wage of psychologists and decrease the number employed. d. an increase in the demand for psychologists that would increase the wage of psychologists and increase the number employed.