A country's foreign exchange reserves refers to
A) the currency of the nation itself.
B) the country's holdings of gold and internationally accepted currencies.
C) the total amount of a country's currency held by other nations.
D) the country's Special Drawing Rights (SDRs) at the IMF.
B
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A democratic (majority rule) decision over a multi-dimensional issue can be manipulated by an agenda setter only if voter tastes are not single-peaked.
Answer the following statement true (T) or false (F)
Half of all your potential customers would pay $16 for your product but the other half would only pay $10 . You cannot tell them apart. Your marginal costs are $4 . If you set the price at $16, the expected profit is:
a. $3 b. $4 c. $5 d. $6
Aggregate demand includes: a. the demand for intermediate goods and final goods
b. all monetary and nonmonetary transactions. c. the demand for investment, including stocks, bonds, and gold. d. the demand for final goods and services.
A singular important link between politics and economics in LDCs is that
a. democracies are more productive than nondemocracies b. democracies must constantly make difficult budgetary choices c. political instability is incompatible with long-term private investment d. conservatives prefer larger military budgets e. liberals prefer higher education expenditures