The invisible hand is closely related to each of the following, except
A. supply and demand.
B. the price mechanism.
C. competition.
D. fairness or equity.
D. fairness or equity.
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Refer to Goods X and Y. Which of the following would cause the vertical intercept to move upwards?
Assume that good X is on the horizontal axis and good Y is on the vertical axis in the consumer-choice diagram. PX denotes the price of good X, PY is the price of good Y, and I is the consumer's income. Unless otherwise stated, the consumer's preferences are assumed to satisfy the standard assumptions. a. A decrease in the price of good Y. b. An increase in the price of good X. c. An increase in the price of good Y. d. A decrease in the price of good Y.
The part of a commercial bank's reserves that are larger than desired are called
A) additional reserves. B) required reserves. C) excess reserves. D) nonrequired reserves. E) unnecessary reserves.
Implicit cooperation among firms to maintain prices is illegal under antitrust laws.
Answer the following statement true (T) or false (F)
Based on this figure, in order to maintain an exchange rate of $0.15 dollars per Norwegian krone, the Norwegian government will have to spend (in dollars)_____ worth of international reserves per period. 
A. $300 B. $825 C. $2,000 D. $5,500