Using the table above, if the current market value of the dollar is 125 francs per dollar
A) investor A expects dollar appreciation, but B and C expect depreciation.
B) investor A expects dollar depreciation, but B and C expect appreciation.
C) all three investors expect the dollar to appreciate.
D) all three investors expect the dollar to depreciate.
D
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Which of the following is an effect of a minimum wage law that establishes a ceiling wage below the current market clearing wage?
A) Surplus labor, or unemployment B) A decrease in the market clearing wage C) A decrease in the quantity of labor supplied D) An increase in the quantity of labor supplied
If the production of a good generates a detrimental externality, then at that level of production of the good under perfect competition,
a. MU = MSC. b. P < MPC. c. MPC < MSC. d. MPC > MSC.
The United States Social Security system
a. pays benefits in direct accordance to what each individual has paid into the system. b. has paid the current generation of recipients less in benefits than it paid in payroll taxes. c. has paid the current generation of recipients more than it paid in payroll taxes. d. paid the earlier generations more and the current generation less than each paid in payroll taxes.
The Farm Security Act of 1985 included a gradual reduction in government support prices.
Answer the following statement true (T) or false (F)