Other things remaining the same, an individual demand schedule shows the various quantities of a good:
a. that a person wants and is able to purchase at alternative prices.
b. that are demanded with a change in the quantity demanded of a substitute good.
c. that a person is able to purchase at alternative income levels.
d. that are demanded at various levels of utility.
e. that are demanded by the market at various prices.
a
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Official reserve assets include all of the following EXCEPT
A) foreign currencies. B) gold. C) special drawing rights. D) gifts to foreign countries.
The earliest and simplest form of international business is _____.
a. mercantilism b. government c. trade d. tariffs e. none of the above
The record of all international financial transactions in which a nation has engaged over a year is known as the: a. current account
b. capital account. c. balance of payments. d. the unilateral transfers balance.
Most economists do not advocate a return to the gold standard because:
A. past willingness to exit the Gold Standard casts doubt on the credibility of committing to it again. B. it forces the central bank to fix the price of something we don't really care about while other prices can fluctuate a lot. C. inflation will depend on the rate that gold is mined. D. all of the answers given are correct.