When a Country A's overall balance is positive:
a. The Overall balance cannot be positive. It must be zero.
b. Country A's central bank is buying the domestic currency in the foreign exchange market.
c. Country A's central bank is buying foreign currencies in the foreign exchange market.
d. Country A is losing reserve assets.
.C
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Refer to Variable Cost of Production. For what levels of output does the firm experience diminishing marginal returns?
The following questions refer to the following table which shows a firm's variable costs of production.
a. For all levels of output.
b. For the first, second, and third units of output.
c. Beyond the third unit of output.
d. For the fifth and all subsequent units of output.
A U.S. import tariff imposed on steel is likely to: a. increase employment in the U.S. steel industry
b. increase the real incomes of steel users. c. raise the total quantity of foreign and domestic steel sold in the United States. d. increase employment in the economy as a whole.
Assume that the demand for money depends on the interest rate. An increase in the money supply will cause the interest rate to ________, the quantity demanded of money to ________, and the velocity of money to ________.
A. decrease; increase; increase B. decrease; decrease; decrease C. decrease; increase; decrease D. increase; decrease; increase
Refer to the table below. What would be the annual inflation rates in Years 2, 3, and 4, respectively?
A. 10, 9.1, and 8.3 percent
B. 10, 8.3, and 7.7 percent
C. 10, 10, and 10 percent
D. 9.5, 8.3, and 6.6 percent