Which of the following is not a typical customer in the retail market for foreign exchange?
a. A small company
b. A tourist
c. A central bank
d. An individual investor
e. All of the above are usually retail customers in the foreign exchange market.
.C
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Today, the United States is a
I. net borrower. II. net lender. III. debtor nation. IV. creditor nation. A) I and IV B) II and IV C) I and III D) II and III
Because monopolistically competitive firms produce differentiated products, each firm
a. faces a demand curve that is horizontal. b. faces a demand curve that is vertical. c. has no control over product price. d. has some control over product price.
Which of the following is not a cause of the decline in the U.S. men's labor-force participation rate over the past several decades?
a. young men now stay in school longer than their fathers and grandfathers did b. older men now retire earlier and live longer c. with more women employed, there are fewer jobs now available to men d. more fathers now stay at home to raise their children
The textbook notes that the last time a major league batter hit .400 was in 1941. This is because:
A. the league imposes harsh penalties for steroid use. B. the average quality of batters has fallen. C. baseball diamonds have become larger. D. specialization by pitchers, infielders, and outfielders has made it harder for batters to hit.