Which of the following best completes the sentence; "Under a gold standard a central bank … "?
A. will have gold reserves depleted when exports exceed imports.
B. wants to keep their gold reserves fixed.
C. can have too little gold but never have too much.
D. can have too much gold.
Answer: C
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Assuming all else equal, if a firm decides to pay more dividends and lowers the amount of retained earnings it holds, it will cause:
A) an upward movement along the current credit supply curve of the firm. B) a downward movement along the current credit supply curve of the firm. C) the current credit supply curve of the firm to shift to the left. D) the current credit supply curve of the firm to shift to the right.
The table above shows the total product schedule for Rick's Lawn Service, a yard care company. Decreasing marginal returns start to occur after the ________ worker is hired
A) first B) fourth C) fifth D) sixth E) third
Firms will continue to enter a competitive industry until: a. the supply curve is vertical
b. the market price falls below average variable cost. c. any economic profits have been competed away. d. all resources are fully employed.
A country with an undervalued currency
a. will have a balance of payments deficit. b. will accumulate reserves of foreign currencies. c. will suffer losses of foreign reserves. d. must intervene in the foreign exchange market to buy its own currency.