Which of the following reasons can explain why purchasing power parity doesn't hold?
A. Transactions costs
B. Political pressures
C. Fixed prices
D. All of these are reasons why purchasing power parity doesn't hold.
A. Transactions costs
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Cutting taxes
A) will raise disposable income and lower spending. B) will lower disposable income and raise spending. C) will raise disposable income and raise spending. D) will lower disposable income and lower spending.
A corporation acquires new funds only when its securities are sold in the
A) primary market by an investment bank. B) primary market by a stock exchange broker. C) secondary market by a securities dealer. D) secondary market by a commercial bank.
Compared to a nonpoor individual, a poor individual is more likely to be
a. female. b. black. c. a child. d. All of the above are correct.
Which of the following is a property of a typical indifference curve?
a. upward sloping b. bowed away from the origin c. does not intersect another indifference curve d. a lower one is preferred to a higher one