Other things the same, an increase in domestic prices raises the real exchange rate
a. True
b. False
Indicate whether the statement is true or false
True
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Kaitlyn and Larissa have formed a dog bathing and grooming business business. The number of dogs they can bathe or groom in any given day is depicted in Table 2.1. The opportunity cost of grooming the sixth dog in a day is bathing ________ dog(s)
A) 0 B) 5 C) 6 D) 7
After 2003, The Federal Reserve usually keeps the discount rate
A) above the target federal funds rate. B) equal to the target federal funds rate. C) below the target federal funds rate. D) equal to zero.
If you were going to go on a vacation to Italy, you would prefer
A. a strong dollar against the euro. B. a weak dollar against the euro. C. a strong euro against the dollar. D. a weak dollar against all currencies.
According to the Kahneman-Tversky value function,
A. small gains should be combined with large gains. B. small gains should be subtracted from large losses. C. small gains should be segregated from large losses. D. small losses should be segregated from large losses.