Which of the following is not assumed constant along the U.S. demand curve for foreign exchange?
a. the exchange rate
b. U.S. interest rates
c. expected U.S. inflation
d. expected foreign inflation
e. increase in U.S. income
A
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The above figure shows the marginal social benefit, marginal private cost and marginal social cost of producing steel
If the market is competitive and unregulated, the equilibrium quantity of steel is ________ tons and the efficient quantity of steel is ________ tons. A) 2; 2 B) 2; 4 C) 4; 2 D) None of the above answers is correct.
Limitations of bargaining include:
A. contracts may not need enforcing. B. the assignment of property rights may be ambiguous. C. if the parties have too much information, bargaining may be unnecessary. D. All of the responses are correct.
Which of the following is not an interest-earning asset of commercial banks?
a. Required reserves. b. Checkable deposits. c. Customer savings accounts. d. All of the above are interest-earning assets of commercial banks. e. None of the above are interest-earning assets of commercial banks.
Suppose that a consumer who spends her budget on X and Y is initially at equilibrium. If the price of X increases, then the MU/P of X will:
A. Decrease and the consumer will respond by buying more Y and less X B. Decrease and the consumer will respond by buying more X and less Y C. Increase and the consumer will respond by buying more Y and less X D. Increase and the consumer will respond by buying more X and less Y