Who are the major participants in the foreign exchange market?
What will be an ideal response?
(1 ) Commercial banks
(2 ) Corporations
(3 ) Nonbank financial institutions
(4 ) Central banks
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The process by which monopoly profits lead to technological progress in known as
A) economies of scale. B) destructive creation. C) imperfect competition. D) creative destruction.
In the circular-flow diagram, which of the following items does not flow from households to firms?
a. revenue b. land, labor, and capital c. factors of production d. profit
A newspaper headline asserts: "Falling Demand Pushes Down Housing Prices." This headline
A. incorrectly implies that more housing will be demanded at higher prices. B. correctly implies that a decrease in demand will decrease the market clearing price. C. incorrectly implies that the price of housing will rise when demand increases. D. incorrectly implies that the demand for housing can change, whereas in fact only the quantity of housing demanded can change.
If you pay $35 for a sticker that entitles you to park on campus for 35 weeks of the academic year, the marginal dollar cost to you of parking your car on campus on any given weekday will be
A) $35. B) $1. C) $.20. D) zero. E) negative.