If the British government fixes the exchange rate for its currency (the pound) below market equilibrium, it will contribute to a positive balance on current account
Indicate whether the statement is true or false
T
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Refer to Figure 4-7. The figure above represents the market for iced tea. Assume that this is a competitive market. If 20,000 units of iced tea are sold
A) the marginal benefit of each of the 20,000 units of iced tea equals $3. B) producer surplus equals consumer surplus. C) marginal benefit is equal to marginal cost. D) the deadweight loss is equal to economic surplus.
The GDP deflator is a measure of the price level which is calculated as nominal GDP divided by real GDP and multiplied by 100
Indicate whether the statement is true or false
You have made an investment of $250 that will yield a profit of $30 in one year. If the interest rate is 11.5% is this a good investment?
A. Yes, because the internal rate of return is greater than the interest rate B. Yes, because the interest rate is greater than the internal rate of return C. No, because the internal rate of return is greater than the interest rate D. No, because the interest rate is greater than the internal rate of return
The central idea behind the Troubled Asset Relief Program was for the Treasury to sell mortgage-backed securities to interested investors, wait for prices to increase, and then buy these securities back for a profit.
Answer the following statement true (T) or false (F)