A market in which the money of one nation is exchanged for the money of another nation is a ________.
A. foreign exchange market
B. resource market
C. stock market
D. bond market
Answer: A
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The two major reasons for the tremendous growth in output in the U.S. economy over the last 125 years are
A) population growth and low inflation. B) population growth and increased productivity. C) low unemployment and low inflation. D) low inflation and low trade deficits.
Assume a U.S. firm invests $1,500 to buy a one-year U.K. bond. What is the dollar value of the proceeds if the dollar return on the U.K. bond is 20 percent at maturity?
a. $1,800 b. $1,500 c. $1,200 d. $1,000 e. $500
Suppose the company that owns the vending machines on your campus has doubled the price of a can of soda. If they then still sell almost the same number of sodas per day, this suggests:
A. soda purchases represent a large fraction of students' budgets. B. there are few other places to purchase soda on campus. C. the price elasticity of demand for soda is equal to 1. D. students do not have good nutritional information.
A factor critical to economic growth is
A. increased saving rates. B. increases in human consumption. C. reduced dependence on imports. D. technological change that increases labor productivity.