If a country's currency ________ the dollar, its exchange rate is fixed
A) is exchanged in currency markets for
B) has a floating exchange rate value which is equal to
C) depreciates against
D) is pegged to
D
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If the nominal interest rate is ________ and the inflation rate is ________, the real interest rate is positive
A) zero; positive B) negative; zero C) zero; negative D) negative; negative
A demand curve will shift out for any of the following reasons except that:
a. preference for a good increases. b. price of a substitute falls. c. income rises. d. price of a complement falls.
The rapid rise in oil prices during 2007-2008 can be explained by noting the fact that
a. the supply of oil increased more rapidly than the demand for oil increased b. the demand for oil increased more rapidly than the supply for oil increased c. the demand for oil decreased at the same time that the supply of oil increased d. the quantity demanded of oil increased more rapidly than the quantity supplied of oil increased e. the quantity supplied of oil increased more rapidly than the quantity demanded of oil increased
If quota rights accrue to foreigners, then the domestic economy is better off with a quota than with a tariff
Indicate whether the statement is true or false