Because of their greediness, speculators are considered bad for exchange-rate markets
a. True
b. False
Indicate whether the statement is true or false
True
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If the price of apples is on the vertical axis and the quantity of apples demanded is on the horizontal axis, the slope between two points on the line describing the relationship between price and quantity is
A) the change in price multiplied by the change in quantity. B) the change in price divided by the change in quantity. C) the change in quantity divided by the change in price. D) price divided by quantity.
Which of the following would not be considered a positive addition to household wealth?
A) a credit card balance B) the balance in your checking account C) 1,000 shares of Microsoft stock D) the equity in one's home
A low rate of inflation, whereby prices increase so slowly from week to week that we hardly notice the change, is referred to as
a. zero inflation b. creeping inflation c. nominal inflation d. real inflation e. episodic inflation
Suppose an MP3 player sells for $75 in the United States and 50 pounds in Britain. Which exchange rate is consistent with purchasing power parity?
a) 1.50 pounds for $1. b) 1 pound for $1.50. c) 3 pounds for $1. d) 1 pound for $1.