In the foreign exchange market, the quantity U.S. dollars supplied is a function of:
A) the amount of imports and the level of capital outflows.
B) the amount of exports and the level of capital outflows.
C) the amount of exports and the level of capital inflows.
D) none of the above.
A
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Barbara is willing to loan $10,000 if she can earn a real interest rate of 6 percent. Everything else the same, if the inflation rate is 2 percent, she would agree to loan the $10,000 if the nominal interest rate is
A) 3 percent. B) 10 percent. C) 4 percent. D) 12 percent. E) 8 percent.
Which of the following workers is most likely to be asked to post a bond?
A) construction contractor B) fast food worker C) sanitation worker D) book author
In a proportional income tax system
A) marginal tax rates are the same regardless of the level of taxable income. B) marginal tax rates increase as the level of taxable income increases. C) marginal tax rates decline as the level of taxable income declines. D) everyone pays the same dollar amount in taxes.
The law of ________ refers to a consumer's decrease in additional satisfaction as she consumes more and more units of a good.
A. utility maximization B. consumer choice C. diminishing marginal utility D. infinite demand