Which of the following is a monetary policy action?
A. Deregulation.
B. Changes in transfer payments.
C. Open market operations.
D. Changes in government spending.
Answer: C
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A firm produces an output level at which price is greater than marginal cost. Explain why this is inefficient
What will be an ideal response?
The J-curve effect of a currency depreciation results is due to
A) the initial effect having positive effects on the current account balance. B) the value of imports increasing by more than the value of exports at the time of devaluation. C) exports and imports being totally unresponsive to changes in exchange rates. D) decreases in the dollar price of imports. E) None of the above.
Economics is the social science that describes the way individuals and societies allocate resources to satisfy human wants
Indicate whether the statement is true or false
Use the figure below to answer the following question.
The marginal benefit of the second unit of X is ________.
A. 17 B. 4 C. 5 D. 11