In a foreign exchange market, one country's currency is exchanged for another's
a. True
b. False
A
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The vicious cycle of poverty is characterized by
a. low factor mobility b. little institutional rigidity c. high capital accumulation d. continual technological change e. all of the above
Which of the following groups believe that lower tax rates will increase the incentives to work, invest, and produce?
A. Monetarists. B. Supply-siders. C. New classical economists. D. Keynesians.
If airlines give passengers under the age of 10 a 25% discount, then this is an example of price discrimination.
Answer the following statement true (T) or false (F)
One of the government's responses to the Financial Crisis of 2007-2009 was Dodd-Frank, a law that
A. authorized trillions of dollars in borrowing for the federal government. B. ignored the insurance industry. C. made special provisions for dealing with very large banks in times of crisis. D. eliminated the risk of another financial crisis in the future.