If pizza and tacos are substitutes, a decrease in the price of tacos would lead to a
A) decrease in the demand curve for pizza.
B) decrease in the quantity demanded of pizza.
C) decrease in the price of pizza.
D) All of the above.
D
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Which of the following did not help Thailand maintain its peg against the dollar in the 1990s?
A) borrowing dollars from the International Monetary Fund in exchange for baht B) foreigners selling off new investments in Thailand C) increasing domestic interest rates to attract more foreign investors D) buying baht on the foreign exchange market to support higher demand for the baht
A shortcoming of swaps that has led to the domination of the swaps market by large firms and financial institutions is
A) the lack of privacy. B) need to assess creditworthiness. C) desire for more flexibility. D) limited size of the market.
Over a period of years, exchange rates tend to move in the general direction of the PPP exchange rate
a. True b. False Indicate whether the statement is true or false
What is an advantage of a command economy?
a. basic services such as healthcare can be provided to all citizens b. innovation and new ideas result in great wealth for entrepreneurs c. starvation is impossible d. the production of consumer goods is a top economic priority