Foreign direct investment leads to demand for a country’s currency.
Answer the following statement true (T) or false (F)
True
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When workers are paid a wage that is less than their contribution to a monopsonist's revenues
A) this is sometimes referred to monopsonistic exploitation. B) this is sometimes referred to as an incentive. C) they seek part time employment. D) they file a grievance with their union representative.
Gresham's Law:
a. applies only to bimetalism issues. b. applies only to monetary issues in general. c. applies to a wide variety of situations. d. is only understood after taking graduate-level courses.
Flexible, or floating, exchange rate is determined by the:
a. World Bank. b. forces of supply and demand. c. price of gold. d. Federal Reserve.
If the price of a good falls by 10% and the percentage decrease in the total amount consumers spend on the good is 15%, then the good is
A. perfectly inelastic. B. unit elastic. C. elastic. D. inelastic.