An economic recession in the United States would shift the demand for foreign currencies outward, that is, increase demand
a. True
b. False
Indicate whether the statement is true or false
False
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Public finance is the subdiscipline of economics that studies the various ways in which
A. governments may regulate and promote the stability of the financial sector. B. firms in the financial sector provide services to households and firms. C. governments raise and expend money. D. the general public acquires financing for their purchases.
Countries that are more open to international trade tend to have
A) property rights that are not well defined. B) higher levels of economic growth. C) lower levels of physical capital. D) lower levels of economic growth.
Which of the following is likely to be an effect of inflation?
a. An increase in the willingness of lenders to lend money for longer periods b. A decrease in the willingness of borrowers to borrow money for longer periods c. A decrease in the purchasing power of lenders in the economy d. An increase in the willingness of people to buy bonds as a hedge against rising prices e. An increase in the willingness of people to buy physical assets as a hedge against rising prices
Refer to the accompanying table below. The average cost of 5 units of activity is:Units of ActivityTotal CostTotal Benefit0$0$01$2$122$6$223$12$304$20$365$30$406$42$427$56$43
A. $6 B. $8 C. $10 D. $4