Which of the following is an example of cryptocurrency?
A) U.S. dollar
B) Japanese yen
C) Euro
D) Bitcoin
D) Bitcoin
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A country's balance of payments shows a
A) detailed record of the import and export of services for the country. B) detailed record of the country's imports. C) summary record of international financial assistance received by the country. D) summary record of a country's economic transactions with foreign residents and governments over a year.
Suppose that last year you borrowed $100 at 5 percent interest to purchase a $100 pair of Nike cross-training shoes. This year you repaid the bank with interest. If the inflation rate was 10 percent last year (so the price of shoes rose to $110), your purchase of the shoes would
a. make you an inflation winner because you gained $5 by borrowing rather than waiting the year to buy the shoes b. make you an inflation loser because you paid $5 more than you should have for the shoes c. not be affected at all by the inflation rate because the shoes were already purchased d. be valued at $100 e. be valued at $110 multiplied by the inflation rate
In the graph for changes in average costs, if a monopolist moves from ATC1 to ATC2, it will ______.
a. earn a very high rate of return
b. earn a very low rate of return
c. still earn a normal rate of return
d. be unable to stay in business
What are two ways in which long-term economic growth is measured?
What will be an ideal response?