Black markets only exist in developing nations
Indicate whether the statement is true or false
FALSE
You might also like to view...
As the real interest rate decreases, the quantity of saving supplied ________ and the quantity of saving demanded ________.
A. decreases; increases B. does not change; does not change C. increases; decreases D. increases; increases
Concerning the effect of New Deal farm measures, Walton and Rockoff conclude that the New Deal _____
a. simply failed to help farmers because the farmer's terms of trade did not improve. b. helped the farmer to a limited extent primarily through the stimulation of aggregate demand. c. helped the farmer to a substantial extent by limiting farm output. d. helped the farmer to a substantial extent by increasing farm output.
Suppose the only two goods that Charlie consumes are wine and cheese. When wine sells for $10 a bottle and cheese sell for $10 a pound, he buys 6 bottles of wine and 4 pounds of cheese — spending his entire income of $100 . One day the price of wine falls to $5 a bottle and the price of cheese increases to $20 a pound, while his income does not change. The bundle of wine and cheese that he
purchased at the old prices now costs a. the same amount at the new prices. b. less than Charlie's income at the new prices. c. more than Charlie's income at the new prices. d. We do not have enough information to answer the question.
The movement of herds according to seasonal rhythms is called:
a. transhumance b. desert nomadism c. geo-agricultural revolution d. global nomadism