What role do almost all economists agree the central bank has in a financial crisis?
A. Lender of last resort
B. Expansionary fiscal policy to reduce herding
C. No role
D. Contractionary fiscal policy to reduce leverage
Answer: A
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If the Mexican peso (MXN) to Brazilian real (BRL) exchange rate goes from 5.9 MXN/BRL to 7.2 MXN/BRL
A) Brazilians decrease their demand for Mexican goods. B) Brazilians increase their demand for Mexican goods. C) Mexicans increase their demand for Brazilian goods. D) Not enough information to determine what happens.
A market in which a single firm hires labor, but workers compete against one another for jobs, is a bilateral monopoly.
Answer the following statement true (T) or false (F)
State government wants to increase the taxes on cigarettes to increase tax revenue. This tax would only be effective in raising new tax revenues if the price elasticity of demand is:
A. elastic. B. inelastic. C. perfectly elastic. D. unity.
Corporations are legally owned by their board of directors
Indicate whether the statement is true or false