Economists estimate that ________ of U.S. currency is outside the United States and held primarily by ________
A) less than one quarter; foreign banks and foreign governments
B) over half; households and firms in countries where there is little confidence in the local currency
C) over half; foreign banks and foreign governments
D) less than one quarter; households and firms in countries where there is little confidence in the local currency
B
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Within the simple Keynesian model with lump-sum taxes, if the MPC (b) were 0.75 then if taxes rise by $200 then income
a. rises by $800. b. falls by $200. c. falls by $800. d. rises by $200. e. falls by $800.
Suppose all individuals are identical, and their monthly demand for Internet access from a certain leading provider can be represented as p = 5 - (1/2 )q where p is price in $ per hour and q is hours per month
The firm faces a constant marginal cost of $1. The profit maximizing two-part tariff yields results in the firm selling A) 4.5 hours. B) 10 hours. C) 5 hours. D) 8 hours.
Which of the following statements best describes firms under monopolistic competition?
a. There is little price or quality competition. b. The firms compete, using quality, location, advertising, and price. c. Firms do not compete using advertising. d. There is little competition between firms.
Normal Balance
What will be an ideal response?