If both Canadian exporters and importers are content with the Canadian exchange rate, what would keep them content tomorrow?
a. a stronger Canadian dollar
b. a weaker Canadian dollar
c. appreciation of the Canadian exchange rate
d. depreciation of the Canadian exchange rate
e. no change in the Canadian exchange rate
E
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Which of the following statements is true?
A) Price controls strengthen the functioning of the invisible hand. B) Price controls weaken the functioning of the invisible hand. C) Price controls always benefit buyers and make sellers worse off. D) Price controls always benefit sellers and make buyers worse off.
Of the following, the best example of private information is when
A) Michael knows the price of a gallon of milk at the minimart but Michelle doesn't know. B) you know some of your used car's defects but a potential buyer cannot find out about them until after buying. C) you don't know the quality of a used car and must hire a trained mechanic who tells you all its defects. D) you pay the owner of a used car a little extra and she lets you know all of the car's defects.
Which of the following can bring about a change in the quantity demanded?
a. decrease in quantity supplied b. increase in quantity supplied c. change in income d. change in price e. change in taste
Medicare is the
a. government's health plan for the elderly. b. government's health plan for the poor. c. another name for Social Security. d. Both a and c are correct.