A government fulfills a protective function when it
(a) gives cash payments to the poor.
(b) provides funds for flood control projects and builds highways.
(c) prevents illegal seizure of private property.
(d) redistributes income.
(c)
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If the implied exchange rate between Big Mac prices in the United States and Poland is 2.13 zlotys per dollar, but the actual exchange rate between the United States and Poland is 3
16 zlotys per dollar, which of the following would you expect to see? A) an increase in the demand for dollars B) an appreciation of the dollar C) an increase in the demand for zlotys D) Both A and C are correct.
An Internet start-up company consists of three people with an idea that they wish to use in pursuing a patent for a product. What type of capital does this company have and what is its value?
What will be an ideal response?
The demand curve is:
A. a downward-sloping line that reflects the inverse relationship between price and quantity. B. an upward-sloping line that reflects the inverse relationship between price and quantity. C. a downward-sloping line that reflects the positive relationship between price and quantity. D. an upward-sloping line that reflects the direct relationship between price and quantity.
International capital flows tend to reduce the impact of monetary policy
a. True b. False Indicate whether the statement is true or false