For an asset to be a "means of payment," the asset
A) is valuable and backed by gold.
B) can be used to settle a debt.
C) is valuable and backed by the government.
D) requires a double coincidence of wants.
E) must be used when bartering.
B
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If the dollar appreciates relative to foreign currencies, then ________.
A. net exports of the U.S. will increase B. U.S. goods will look cheaper to foreign buyers C. foreign buyers will find U.S. goods become more expensive D. foreign goods will look more expensive to U.S. buyers
Compared to a firm that does not statistically discriminate but has equally poor information about the true qualifications of potential employees, the firm that does statistically discriminate is likely to be less profitable rather than more
profitable. Indicate whether the statement is true or false
Which of the following is an important issue in the Keynesian-Monetarist debate?
a. The relative importance of monetary and fiscal policy. b. The nature of the transmission mechanism through which a change in the money supply affects the economy. c. The shape of the investment-demand curve. d. All of these.
Inventors often obtain patents on new products and processes, thereby turning new ideas into
a. private goods and increasing the incentive to engage in research. b. private goods but decreasing the incentive to engage in research. c. public goods and increasing the incentive to engage in research. d. public goods but decreasing the incentive to engage in research.