Based on the Saving-Investment Diagram, if the world real interest rate is indicated by A, then ________
A) the difference between values G and E measures the trade surplus
B) the difference between values G and F measures the trade surplus
C) the domestic real interest rate is indicated by B
D) desired saving has decreased
E) none of the above
A
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Mutual interdependence among firms is one of the key characteristics of an oligopoly market that distinguishes it from the other three major market structures
Indicate whether the statement is true or false
Economic surplus is another term for which of the following?
a. efficiency b. consumer surplus c. social surplus d. deadweight loss
If a government runs a fixed exchange rate system and increases the dollar price of its currency, we say there has been a(n)
a. appreciation of the foreign currency b. depreciation of the foreign currency c. revaluation of the foreign currency d. devaluation of the foreign currency e. fixing of the foreign currency
If the quantity demanded of a good is Q when the price for the good is P, the price elasticity of demand for that good at that point is:
A. (P/Q) × (slope) B. (Q/P) × (1/slope) C. (P/Q) × (1/slope) D. Q × P × (1/slope)