Harvard University admits a larger percentage of applicants than does India's Indian Institute of Technology
Indicate whether the statement is true or false
True
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A price-taker faces a demand curve that is:
A. upward sloping. B. horizontal at the market price. C. downward sloping. D. vertical at the market price.
The international financial system operated under a gold standard
a. from the 1500s through the present b. from 1879 through the present c. from 1879 to 1914 d. from 1914 to 1939 e. never
When a private transaction imposes costs on others not directly involved in the transaction, _____
a. a negative externality exists b. a positive externality exists c. the good involved in the transaction is a club good d. the tragedy of commons problem arises e. a free rider problem arises
Movements of a currency’s value in terms of the foreign exchange rate will affect the quantity of aggregate _______________ in an economy.
a. demand b. supply c. production d. trade