When a good is non-rivalrous, then there is zero marginal cost to adding an additional user
a. True
b. False
Indicate whether the statement is true or false
True
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In general, banks make profits by selling ________ liabilities and buying ________ assets
A) long-term; shorter-term B) short-term; longer-term C) illiquid; liquid D) risky; risk-free
The major things to remember about relative purchasing power parity are:
a. Long-run changes in the value of a nation's currency value depend on the country's inflation rate relative to foreign nations, and short-term exchange rate changes depend mainly on interest parity relationships. b. The higher a nation's relative inflation, the higher its currency value will be, and long-run changes in the value of a nation's currency value depend mainly on the country's inflation rate relative to foreign nations. c. The higher a nation's relative inflation, the lower its currency value will be, and long-run changes in the value of a nation's currency value depend on the country's inflation rate relative to foreign nations. d. Changes in relative international money supplies are the major cause of short-run exchange rate movements, and long-term exchange rate changes depend mainly on interest parity relationships. e. None of the above
The behaviorist economists believe that economic behavior is guided by _________ and _________.
Fill in the blank(s) with the appropriate word(s).
Changes in business inventories will be positive when
A) production exceeds sales. B) production is less than sales. C) a trade surplus exists. D) a budget surplus exists.