The daily turnover in the foreign exchange market is:
A) millions of dollars.
B) billions of dollars.
C) trillions of dollars.
D) declining in the last decade.
C
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The legal transfer of chattels supports economic growth
Indicate whether the statement is true or false
The endowment effect is reflected by indifference curves that are:
A. concave to the origin. B. convex to the origin. C. straight lines. D. kinked.
Which of the following measures is associated with an expansionary fiscal policy?
a. lowering consumption b. lowering taxes c. lowering government purchases d. decreasing investments
The total revenue curve for a firm is given by TR = 2Q.
A. The firm may be a monopolist or a perfectly competitive firm. B. The firm is definitely not a monopolist. C. The firm is definitely a monopolist. D. One cannot tell from the equation what market form applies.