Monetary policy operates mainly on investment, which responds slowly to changes in interest rates.
Answer the following statement true (T) or false (F)
True
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The domestic currency of a country depreciates in value when: a. there is an increase in the foreign currency price of the domestic currency. b. its value falls in relation to another currency
c. the government of the country revaluates the domestic currency. d. its value rises in relation to another currency. e. there is a fall in the domestic demand for foreign currency.
Which of the following would be the least likely result of a binding price ceiling imposed on the market for rental cars?
a. an accumulation of dirt in the interior of rental cars b. poor engine maintenance in rental cars c. free gasoline given to people as an incentive to a rent a car d. slow replacement of old rental cars with newer ones
Under the cartel, the market quantity is 
Figure 42.2
A. Q1. B. Q2. C. Qa. D. Qb.
Use the figure below to answer the following question.
The total benefit of the third unit of X is ________.
A. 4 B. 5 C. 15 D. 11