Julio makes wine and beer. Last year he made 20 bottles of wine and 20 cases of beer. If the price of grapes goes down (making wine cheaper to make), Julio will be able to make the same amount of wine and more beer
a. True
b. False
Indicate whether the statement is true or false
True
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The supply curve of U.S. dollars shifts leftward. This could have been influenced by ________
A) a rise in the U.S. interest rate differential B) a fall in the expected future exchange rate C) an increase in the U.S. exchange rate D) a decrease in the U.S. exchange rate
The public choice model
A) applies economic analysis to government decision making. B) applies economic analysis to the collective decision making of consumers. C) examines the public's role in appointing politicians and ensuring that elected officials act in ways to reflect the public's preferences. D) examines the degree of market power that the public exerts in a market economy.
Which of the following is NOT a contractual savings institution?
A) a life insurance company B) a pension fund C) a savings and loan association D) a fire and casualty insurance company
What are the two critically important functions for corporate financing performed by stock exchanges?