The world bank is the agency of the U.S. State Department that is in charge of U.S. loans to foreign countries
a. True
b. False
Indicate whether the statement is true or false
False
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In the foreign exchange market, when the U.S. interest rate rises, the supply of dollars ________ and the foreign exchange rate ________
A) increases; does not change B) decreases; rises C) increases; falls D) increases; rises E) decreases; falls
If a firm buys a delivery van for $18,000 and can resell it in 2 years for $7,500, the sunk cost is
A) $10,500. B) $7,500. C) $18,000. D) $0.
A subsidy to carrot farmers will
A) increase the quantity of carrots demanded. B) decrease the quantity of carrots supplied. C) increase the supply of carrots. D) leave both the supply and demand of carrots unchanged.
The World Trade Organization (WTO) was created in 1995 during the Uruguay Round of trade discussions
Indicate whether the statement is true or false