Foreign exchange market intervention involves the purchase or sale of currencies by governments to influence the market exchange rate.
Answer the following statement true (T) or false (F)
True
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Refer to the figure below. 
If Row Resorts offers reduced rates, then Column Cruises would receive the highest payoff if it:
A. offered reduced its rates. B. entered into a cartel with Row Resorts and agreed to jointly reduce rates. C. chose either strategy because it will have the same payoff in either case. D. kept its rates high.
Services can be thought of as
A) unvalued goods. B) unwanted goods. C) free goods. D) intangible goods.
The opportunity cost of holding money balances increases when:
a. the inflation rate decreases. b. the interest rate increases. c. the interest rate decreases. d. GDP is far from full employment.
Which of the following did NOT describe landlords or entrepreneurs as economic villains?
A. Karl Marx B. Henry George C. Pierre-Joseph Proudhon D. Joseph Schumpeter