Both successful market-processes ?and central planning rely on self-interested behavior.
Answer the following statement true (T) or false (F)
False
Rationale: Only successful market processes rely on self-interested behavior. Central planning typically relies on a planner, presuming benevolence on the part of the planner.
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Between 2008 and 2009, U.S. real GDP decreased from $13.2 trillion to $12.9 trillion. As a result, the real demand for money ________ and the demand for money curve ________
A) decreased; shifted leftward B) did not change; did not shift C) increased; shifted leftward D) decreased; shifted rightward.
The market for smartwatches is becoming very competitive. The increase in competition in this market is an example of how the market responds to
A) changes in population. B) increases in income. C) changes in consumer tastes. D) decreases in the price of smartphones (a substitute for the product).
The type of goods being imported has changed from primarily low-tech goods to agricultural goods.
Answer the following statement true (T) or false (F)
Refer to the graph shown. An exchange rate of $2.40 per dinar creates excess:
A. demand for dinar that will cause the dinar to lose value, unless dinar are sold by the government. B. demand for dinar that will cause the dinar to gain value, unless dinar are sold by the government. C. supply of dinar that will cause the dinar to lose value, unless dinar are bought by the government. D. demand for dinar that will cause the dinar to gain value, unless dinar are bought by the government.