Every transaction concerning the importation of goods into the United States constitutes a
A. demand for dollars with no effect on markets for foreign currencies.
B. demand for foreign currencies and a supply of dollars.
C. supply of foreign currencies and a demand for dollars.
D. supply of foreign currency with no effect on the market for the dollar.
Answer: B
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"Inflation acts as a tax because the government gains purchasing power." Is the previous statement correct or incorrect?
What will be an ideal response?
In a market with a rent ceiling set below the equilibrium rent, the producer and consumer surplus
A) both increase. B) both decrease, but generally not to zero. C) do not change. D) are eliminated. E) are both totally converted into deadweight loss.
The productivity curve
A) has a positive slope. B) has a negative slope. C) is vertical. D) is horizontal. E) is U-shaped.
Which of the following equations is correct?
a. S = I + C b. S = I - NX c. S = I + NCO d. S = NX - NCO.