A noticeable drop in the level of business activity is known as a
a. recession.
b. collapse.
c. lagging indicator.
d. contraction.
d. contraction.
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Third-degree price discrimination for concessions at ball parks is not applied to adults and children because_____.
A. children's demand for food is elastic and adults' demand for food is inelastic B. there can be exchange of the products from children, who could buy them at a lower price, to adults C. adults' demand for food is elastic and children's demand for food is inelastic D. there can be exchange of the products from adults, who could buy them at a lower price, to children
If the current exchange rate is 1.00 euro per dollar and the expected exchange rate at the end of the month rises to 1.20 euros per dollar, then the demand for dollars ________ because people expect holding of dollars to become ________ profitable
A) decreases; more B) increases; less C) increases; more D) does not change; neither more nor less E) decreases; less
A creditor nation means a nation
A) whose exports exceed its imports. B) whose current account is larger than its capital account. C) whose current lending to the rest of the world exceeds its borrowing from the rest of the world. D) who through its history has invested more in the rest of the world than other countries have invested in it.
Which statement is true?
A. Our money supply is fixed by law and can be raised by only a very small percentage each year. B. Our money supply is backed by gold. C. Credit cards are a form of money. D. Money makes an excellent store of value during times of inflation. E. One of the basic jobs of money is a standard of value.