The rate at which two countries trade one good for another
a. is known as the foreign exchange rate
b. is known as the terms of trade
c. is known as the export line
d. equals the slope of the import line
e. equals the common slope of the countries' production possibilities frontiers
B
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In the above figure, the relationship between x and y is
A) positive, with slope decreasing as x increases. B) negative, with slope decreasing as x increases. C) negative, with slope increasing as x increases. D) positive, with slope increasing as x increases.
A(n) ________ is a subsidiary of a U.S. bank that is engaged primarily in international banking
A) Edge Act corporation B) Eurodollar agency C) universal bank D) McFadden corporation
Price fixing is illegal in the United States
a. True b. False
Suppose there is a shortage in the market for loanable funds. Is the interest rate above or below its equilibrium level? How do desired saving and desired investment at this interest rate compare?