International capital-flow shocks tend to be less disruptive with floating exchange rates than with fixed exchange-rates.
Answer the following statement true (T) or false (F)
True
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Refer to Figure 2-15. In the circular flow diagram, economic agents M represent
A) firms. B) product markets. C) factor markets. D) households.
The first major piece of antitrust legislation was:
a. Clayton Act. b. Celler-Kefauver Act. c. Sherman Antitrust Act. d. Rockefeller Act. e. Robinson-Patman Act.
Gross Domestic Product is calculated by adding together
a. the number of goods and services produced in the economy. b. money value of final goods and services. c. number of workers employed in national production. d. all commodities but not services produced in the economy.
The confidence you have that a retailer will accept dollars in exchange for goods is based primarily on money
a. being a unit of account. b. being a medium of exchange. c. serving as a store of value. d. having intrinsic value.