Which would be a likely cause of an increase in the demand for pizza?
A. A reduced desire for take-out and fast-food dining
B. A decrease in the price of hamburger sandwiches
C. A decrease in the prices of cheese, pepperoni, and mushrooms
D. A health report showing eating pizza reduces stress
Answer: D
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In 2008, the current account balance was -$706 billion and the capital and financial account balance was +$711 billion. Therefore, the official settlements account balance was ________ and the balance of all payments accounts summed was ________
A) -$5 billion; zero B) negative; negative C) positive; positive D) +$5 billion; zero E) not enough information to determine; negative
According to the rule of 70, if a person's saving doubles in 10 years, what interest rate were they earning?
a. 3.5 b. 7 c. 14 d. None of the above is correct.
Based on this figure, if the official fixed value of krone is fixed at $0.15 per krone, then the Norwegian krone is ________ and the international reserves of Norway will ________ krone per period.
A. overvalued; decrease by 5,500 B. undervalued; increase by 5,500 C. overvalued; decrease by 2,000 D. undervalued; increase by 2,000
The endowment effect is used to describe the mistake a consumer makes when he or she accounts for the monetary costs of his or her decisions but ignores the nonmonetary opportunity costs.
Answer the following statement true (T) or false (F)