If the unemployed were hired, they would have the monies to purchase goods which would otherwise be unsold
a. True
b. False
Indicate whether the statement is true or false
True
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If a nation repaid its debts by raising taxes, the main effect would be to:
a. Create a wildly inflationary environment. b. Contract the economy due to the decrease in the monetary base. c. Expand the economy due to the increase in the monetary base. d. Redistribute income if the debt was internally held and transfer spending abroad if it was externally held.
If producers must receive a higher price to be induced to produce any quantity, we can conclude that
A) supply decreased. B) demand decreased. C) both supply and demand increased. D) demand increased.
Consider the interaction between U.S. dollars and U.K. pounds. When the forward premium on the dollar is zero, it means
A. the current forward price of dollars equals the current spot price of dollars. B. the current spot price of dollars equals the future spot price of dollars. C. the future spot price of dollars will be equal to the current forward price of dollars. D. the spot exchange rate value of the pound is moving toward $1 per pound.
One requirement for a firm pursuing a price-discrimination strategy is the ability to segment the market for its product. This means that
A) the firm must choose a marketing strategy that appeals to different segments of the economy. B) the firm must be able to divide the market in a way that makes arbitrage impossible. C) the firm must be willing to offer price discounts for senior citizens and children. D) the firm must set different prices for different regions where the product is sold.