For a U.S. economic agent, the expected return on U.S. dollars includes ________
A) the interest rate on dollar-denominated bank deposits
B) the expected value of the dollar relative to some other currency
C) the rate of exchange between the dollar and some other currency
D) the expected return on some other currency
A
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________ by the Fed means that the Fed ________
A) Credit easing; bought private securities from financial institutions B) Credit easing; made loans directly to home buyers C) Credit easing; tried to lower long-term interest rates D) Quantitative easing; required private banks to increase their lending to home buyers E) Quantitative easing; decreased in the required reserve ratio
Doubling the circumference of an oil pipeline more than doubles the volume of oil that can be pumped through. This is an example of
a. production inefficiency b. diminishing marginal returns c. diseconomies of scale d. constant returns to scale e. economies of scale
This graph demonstrates the domestic demand and supply for a good, as well as a tariff and the world price for that good.
According to the graph shown, if the economy is operating under free trade, who would be in favor of a tariff?
A. Domestic producers B. Foreign governments. C. Foreign producers D. Domestic consumers
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, Point A necessarily represents
A. only hybrid cars being produced. B. an unattainable production point. C. what society wants. D. the economy's optimal production point.