The price of gold is volatile because the supply is highly inelastic, so changes in demand have a large effect on price.
Answer the following statement true (T) or false (F)
True
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Consider a small open economy with desired national saving of Sd = 200 + 10,000rw and desired investment of Id = 1000 - 5000rw. If rw = 0.05, and output = 5000, then absorption equals
A) 5100. B) 5050. C) 4950. D) 4900.
Which of the following is true of the banks that operate under Islamic law?
a. Islamic banks are not allowed to lend out to private firms. b. Islamic banks do not function as intermediaries between borrowers and lenders. c. Islamic Banks are not allowed to offer checking accounts or traveler's checks. d. Islamic banks are required to offer trade-related services free of cost. e. Islamic banks do not charge interest on loans or pay interest on deposits.
Over the past several decades in the United States, the labor-force participation rate of women has
a. increased, and the labor-force participation rate of men has increased. b. increased, and the labor-force participation rate of men has decreased. c. decreased, and the labor-force participation rate of men has increased. d. decreased, and the labor-force participation rate of men has decreased.
The Affordable Care Act
A. was a compromise between those who wanted an individual mandate and those who did not. B. created a single-payer system, similar to the one in the United Kingdom. C. was a compromise between those who wanted a single payer system and those who did not. D. created an individual mandate, similar to the one in the United Kingdom.