The foreign exchange market is the market on which ________ of various nations are traded for one another.
A. stocks and bonds
B. international financial securities
C. goods and services
D. currencies
Answer: D
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If the aggregate income of an island country is $8 million and income per capita is $5,000, the total population of the island is ________
A) 1,600 B) 106,000 C) 40,000 D) 20,000
The shortsightedness effect suggests that
a. politicians have a strong incentive to support projects that yield immediate and easily recognized benefits, especially when the costs of the projects are difficult to identify and are observable only in the distant future. b. politicians have a strong incentive to support projects that yield benefits in the distant future, especially when the costs of the project must be paid for in the current period. c. voters will tend to weigh future costs and benefits more heavily than current costs and benefits. d. legislators will be unwilling to trade votes on issues, especially when those issues benefit only special interest groups.
Considering its effects through income, the price level, and interest rates only, expansionary fiscal policy causes the value of a country's currency to:
A. move unpredictably. B. rise. C. remain unchanged. D. fall.
A right granted by government to a creator of a written or recorded work to be the exclusive seller of that work for a limited period of time is called a
A. patent. B. copyright. C. tangible asset. D. trademark.