Education creates positive externalities
Indicate whether the statement is true or false
TRUE
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Demand-pull inflation and cost-push inflation both lead to a higher price level and lower output.
Answer the following statement true (T) or false (F)
The obligations and prohibitions present in a contract between a franchiser and the franchisee are called vertical restraints
Indicate whether the statement is true or false
An increase in the amount of physical capital will cause
A. aggregate demand and aggregate supply to increase by the same amounts, causing real GDP to increase and the price level to remain constant. B. an increase in both aggregate demand and real GDP, but have no effect on the price level. C. an increase in both aggregate supply and real GDP and a reduction in the price level. D. an increase in both aggregate supply and real GDP, but have no effect on the price level.
Which one of the following is not true?
a. An exchange rate is the price of one currency in terms of another. b. An exchange rate is the means by which the price of a good in one country is translated into the price to the buyer in another country. c. The cost of a foreign good in dollars will depend on the current exchange rate. d. The exchange rate will affect the willingness of foreign buyers and sellers to trade with each other. e. The exchange rate is the price of a currency in terms of another currency for exchanges of goods and services but not for financial transactions.