Everything else held constant, a monetary contraction is characterized by ________ output and ________ interest rates
A) rising; rising
B) rising; falling
C) falling; rising
D) falling; falling
C
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A criticism of market-oriented schemes says that consumers may not be well informed.
A. True B. False C. Uncertain
If the United States imports low-cost goods produced in low-wage countries instead of producing the goods domestically,
a. the United States will incur a net loss of total jobs. b. the United States will gain, and domestic resources will be employed more productively. c. dollars that leave the United States will not return to buy goods produced by high-wage American workers. d. the availability of consumption goods in the United States will be reduced.
One of the functions of money is to serve as a:
A. equality enhancer. B. store of value. C. valuation tool. D. sole way to make payments.
A price searcher who determines selling prices by adding some standard percentage to margin, cost
What will be an ideal response?