Fixing exchange rates reduces
a. the demand for currency
b. the quantity demanded of currency
c. the supply of currency
d. the quantity supplied of currency
e. uncertainty associated with international trade
E
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Whenever two individuals trade with each other, one will benefit and the other will lose.
Answer the following statement true (T) or false (F)
In the above figure, the shift in the demand curve from D to D1 can be the result of
A) a decrease in income if pizza is a normal good. B) a decrease in the price of a sub sandwich, a substitute for pizza. C) an increase in the price of soda, a complement to pizza. D) an increase in the number of teenagers, all of whom demand more pizza than do other age groups. E) new technology that increases the profit from producing pizza.
A resource owner will supply resources up to the point where marginal resource cost is equal to marginal revenue product
a. True b. False
Which one is a macroeconomic topic?
a. A business decides to buy new software. b. A person decides to return to college. c. The central bank lowers interest rates to stimulate the economy. d. The government issues new environmental regulations.