The exchange rate is kept the same across geographically-separate markets by
A) hedging.
B) speculation.
C) government regulation.
D) arbitrage.
D
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Refer to the scenario above. Which of the following statements will be true in steady state?
A) Economy A will have a lower capital stock and a greater GDP than economy B. B) Economy A will have a greater capital stock and a lower GDP than economy B. C) Economy A will have a greater capital stock and GDP than economy B. D) Economy A will have a lower capital stock and GDP than economy B.
The Haig-Simons definition of income includes
A. employer pension contributions and insurance purchases. B. transfer payments. C. income in-kind. D. all of these answer options are correct.
If the dependent variable Y is directly related to the independent variable X, this means that changes in X cause changes in Y
a. True b. False
Each point on the demand curve is
a. demand for the product. b. a quantity demanded at that price. c. the amount that people want to buy. d. the amount people want to buy at different income levels. e. All of the above are correct.