In the foreign exchange market, the supply curve of dollars is
A) vertical.
B) downward sloping.
C) identical to the demand curve for dollars.
D) upward sloping.
E) horizontal.
D
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The primary characteristic of a public good is that it is nonrivalrous in consumption.
Answer the following statement true (T) or false (F)
Leaving a handsome tip for the waiter in full view of your dinner date is a
a. Screening mechanism b. Signaling mechanism c. Way to waste money d. None of the above
Saccharin and aspartame are both low-calorie substitutes for sugar. If saccharin is found to cause cancer,
a. the price of aspartame will increase b. the price of sugar will decrease c. the price of saccharin will increase d. the demand curves for aspartame and sugar will shift leftward e. aspartame and sugar will be complements
If all actions are known to all then there is
A) a focused economy. B) a negative externality. C) transparency. D) a dictatorship.