The decline of the poverty rate for the elderly can be attributed to
a. Temporary Assistance for Need Families (TANF)
b. tax increases
c. Medicaid
d. the political power of the elderly
e. increased resource earnings
D
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Which of the following will lead to a depreciation of the dollar against the British pound?
A) an increase in British demand for U.S. imports B) an increase in U.S. interest rates C) a decrease in British demand for U.S. assets D) a decrease in U.S. demand for British goods
What is consumer surplus?
a. The maximum willingness to pay for a unit of a product b. The price that an individual pays in equilibrium for a product c. The difference between how much an individual is willing to pay for a product and how much he ends up paying d. How many units are traded in equilibrium
If Americans develop a greater appreciation for Mexican-made goods, we should observe the following change(s) in the U.S. dollar-peso market:
A. the demand curve for dollars shifts right. B. a movement down the supply curve of dollars. C. the supply curve of dollars shifts left. D. the demand curve for pesos shifts right.
________ is buying a country's currency spot and selling that country's currency forward, to make a net profit from the combination of the difference in interest rates between countries and the forward premium on the country's currency.
A. Uncovered interest parity B. Covered interest arbitrage C. Uncovered interest arbitrage D. Covered interest parity