Refer to Figure 18-2. Which of the events below cause the shifts in the supply and demand curves in the market for dollars against the British pound shown in the graph above?
A) Interest rates rise in the United States. B) Real income falls in England.
C) Real income rises in the United States. D) Interest rates rise in England.
D
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If major traders believe the price of a stock should be higher than its current market price,
A) they have an incentive to sell the stock. B) their actions will result in the information they possess being incorporated into the price of the stock. C) there is little they can do because government regulation precludes their acting on what they know. D) they should petition the Securities and Exchange Commission to authorize an adjustment in the price of the stock.
In the late twentieth century, some regulators began using _______________, which required public utilities to charge a fixed price that would decline slightly over time.
a. cost-plus regulation b. natural monopolies c. price cap regulation d. price deregulation
In which case is the political process most likely to result in the acceptance of efficient projects and rejection of inefficient projects?
a. The benefits are highly concentrated, and costs are widespread among voters. b. The costs are highly concentrated, and the benefits are widespread among voters. c. Both the benefits and costs are widespread among voters. d. The benefits accrue primarily in the future, while the costs are more visible during the current period.
If the U.S. government considers the value of in-kind transfers, the U.S. poverty rate decreases.
Answer the following statement true (T) or false (F)