Currently, the dominant reserve currency is the
A) U.S. dollar.
B) Japanese yen.
C) euro.
D) British pound.
A
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The break-up of slave families was most often due to:
a. the sale of fathers. b. the sale of mothers. c. the sale of children. d. divorce.
Suppose that the firms in the perfectly competitive oat industry are currently receiving a price of $2 per bushel for their product and there are constant returns to scale. The minimum possible average total cost of producing oats in the long run is $1 per bushel. Other things being equal, it follows that:
A. the price of oats will be $1 in the long run. B. the price of oats will be somewhere between $1 and $2 in the long run. C. it is not possible to determine the price of oats in the long run from the information given. D. the price of oats will be $2 in the long run.
Which of the following does not correlate positively with economic growth?
A. Output per capita. B. Life expectancy. C. The percentage of the population engaged in agriculture. D. The literacy rate.
An increase in the dollar price of the English pound will cause a ____ in the pound price of the dollar.
Fill in the blank(s) with the appropriate word(s).