A country's domestic currency's real exchange rate, q, is defined as
A) E.
B) E times P.
C) E times P .
D) (E times P )/P.
E) P/(E times P ).
D
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When an activity results in the creation of external benefits, markets will produce more than the socially optimal level of that activity
a. True b. False
At an output at which MC is greater than ATC
A. the ATC curve is upward sloping. B. the AVC curve is downward sloping. C. the ATC curve is downward sloping. D. the AFC curve is upward sloping.
How does the personal income measure differ from the disposable income measure?
What will be an ideal response?
The Banking Acts of 1980 and 1999 contributed to the financial crisis in 2008 by
A. increasing the number of small banks. B. encouraging the creation of more financial institutions that were "to big to fail". C. restricting the trading of toxic assets. D. creation of a large number of bankrupted financial institutions.