Distribution is a major question to be answered by any economic system
a. True
b. False
Indicate whether the statement is true or false
True
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If Americans buy 100 million British pounds at an equilibrium exchange rate of $2 per pound, how many dollars are they supplying?
a. $2 million b. $50 million c. $2 d. $200 million e. $100 million
During the last sixty years, the broad stock market (Standard and Poor's 500 Index) yielded an average annual nominal rate of return of approximately ____ and real rate of return of approximately ____
a. 5 percent; 2 percent b. 10 percent; 7 percent c. 17 percent; 9 percent d. 9 percent; 17 percent
According to the World View excerpt that compares GDP figures for several nations, Russia's real GDP is approximately
A. More than that of Mexico. B. More than that of China. C. More than that of Germany. D. None of the choices are correct.
An increase in product price will cause:
A. quantity demanded to decrease. B. quantity supplied to decrease. C. quantity demanded to increase. D. the supply curve to shift to the left.