The price of silver increases from $10 per ounce to $15 per ounce while the price of gold increases from $300 per ounce to $310. In this situation, the price of silver relative to the price of gold has
a. fallen.
b. risen.
c. remained the same.
d. cannot be determined given the information provided.
b. risen.
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Fiscal policy consists of
a. taxes and interest rates. b. government purchases and defense spending. c. the money supply and taxes. d. taxes and government spending.
Under the Sullivan Principles, a multinational producing in different countries
A) should pay the same wages in all countries. B) should comply with the same environmental standards that exist in the home country. C) should lobby for better standards in all countries. D) should produce in pollution havens.
What are the marginal propensity to consume (MPC) and marginal propensity to save (MPS)? How are the two concepts related? How are the two concepts related to the consumption and saving functions?
What will be an ideal response?
Households acquire property through
A. inheritance only. B. savings and inheritance. C. supplying labor in the labor market. D. savings only.