Why may a central bank intervene in the foreign exchange market when its currency is depreciating?
A) concerns about the country's exports becoming less competitive
B) concerns about inflation
C) concerns about deflation
D) to sterilize the effects on the domestic economy
B
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To say that a given welfare program is means-tested implies that:
A. in order to qualify, one must show that one means to find a job. B. the more income one earns, the smaller the size of the benefit. C. in order to qualify, one must have the means. D. the size of the payment reflects the mean value of consumption based on family size.
Which of the following shifts the demand curve for oranges?
A) disastrous weather that destroys about half of this year's orange crop B) a decrease in the price of a pound of bananas, a substitute in consumption for oranges C) an increase in the price of the fuel used to transport oranges to supermarkets D) great weather that produces a bumper orange crop this year
If ______ then AVC is falling.
a. MC > AVC b. MC < AVC c. MC > AFC d. MC < AFC
Expansionary fiscal policy can involve:
(a) Increasing consumption and investment and taxes. (b) Increasing government spending and decreasing taxes. (c) Increasing government spending and increasing taxes. (d) None of the above.