An agreement to exchange dollar bank deposits for euro bank deposits in one month is a
A) spot transaction.
B) future transaction.
C) forward transaction.
D) deposit transaction.
C
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An avocado orchard employs five full-time workers. Currently, the average product of labor is 120 pounds of avocados per day. The orchard hires a 6th full-time worker and his marginal product is 150 pounds of avocados
The average product of the six workers will now be A) equal to 120 pounds. B) greater than the marginal product of labor. C) more than 120 pounds. D) less than 120 pounds.
Under a Pareto Optimum
A) it is always possible to improve someone's welfare. B) it is never possible to improve someone's welfare. C) one can only reduce someone's welfare. D) it is impossible to reduce someone's welfare.
A current account deficit is generally a result of imports exceeding exports.
a. true b. false
Studies by economists have tended to show that countries with more independent central banks have:
A. more inflation. B. less inflation. C. higher unemployment. D. lower unemployment.