U.S. businesses are demanders of foreign currencies because they need them to:
A. Sell goods and services exported to foreign countries
B. Pay for goods and services imported from foreign countries
C. Receive interest payments from foreign governments
D. Receive interest payments from foreign businesses
B. Pay for goods and services imported from foreign countries
You might also like to view...
A mandatory tax that both workers and employers in the United States pay to fund Social Security and Medicare is the
A) corporate income tax. B) individual income tax. C) payroll tax. D) excise tax.
What happens to consumer surplus as price falls along a given demand curve?
a. It always increases. b. It always decreases. c. It never changes. d. It increases only if price increases just a little. e. It depends on the elasticity of demand and supply.
A widely held theory of bureaucratic behavior is that:
a. government bureaus seek to maximize their budgets. b. government bureaus operate at a profit. c. bureaus sell public goods and services in a market. d. bureaus are more concerned with satisfying consumer demand than are firms.
A monopolist faces a downward-sloping demand curve because:
A. the demand for its product is inelastic. B. the industry demand curve is horizontal. C. resource prices increase as the monopolist expands output. D. the entire market demand curve is the monopolist's demand curve.