In the absence of trade between the two countries, the price of rice in the U.S. in terms of radios would tend to be
A. 1/2.
B. 1/5.
C. 200.
D. 500.
B. 1/5.
Economics
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Foreign money needed to carry out international transactions is known as _____
A) trade B) import and export C) balance of payments D) foreign exchange.
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On what kind of income is our tax system based?
A) nominal B) adjusted C) real D) inflationary
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Which of the following would NOT be considered unemployed?
A) a new entrant to the labor force B) a job leaver who is looking for a better job C) an individual fired by her employer D) a newly retired worker
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By reducing the required reserve ratio, the Fed can not only create excess reserves but also increase the money multiplier
a. True b. False Indicate whether the statement is true or false
Economics