The demand curve for a luxury good is upward sloping
Indicate whether the statement is true or false
FALSE
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If the government of a country uses expansionary monetary policy:
A) its currency will appreciate. B) its currency will depreciate. C) its currency will initially appreciate and then depreciate. D) its value of its currency in the foreign exchange market will not be affected.
If corn and soybean are alternative crops grown by most farmers, an increase in the price of corn, other things constant, is likely to:
a. increase the supply of corn. b. ?increase the supply of soybeans. ? c. decrease the supply of soybeans. ? d. decrease the supply of corn. ? e. decrease the demand for soybeans.
Suppose the separation rate is 3% and the finding rate is 24%
a. What is the natural rate of unemployment? b. If the separation rate remains at 3% and finding rate doubles, what is the new natural rate of unemployment? c. If the separation rate is cut in half and the finding rate remains at 24%, what is the new natural rate of unemployment? d. Which has more impact: a doubling of the finding rate or a halving of the separation rate?
Which of the following would be considered open-access common property?
A) a library B) the world wide web C) a company gym D) broadcast television