The use of money as a medium of exchange requires a double coincidence of want
a. True
b. False
Indicate whether the statement is true or false
False
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Under a fixed exchange rate system, at low domestic real interest rates the demand for domestic currency ________, so the central bank ________ foreign-exchange reserves
A) increases; acquires B) increases; loses C) decreases; acquires D) decreases; loses
According to the U.S. Bureau of Labor Statistics, the term "employed" includes all full time workers and part-time workers
a. True b. False Indicate whether the statement is true or false
A 7.25 percent sales tax
A. Is a regressive tax because poor individuals consume a higher percentage of their income than high-income individuals. B. Does not impose an additional tax burden on most individuals because the sales tax is paid entirely by the seller. C. Is a progressive tax because high-income individuals buy more goods and services than low-income individuals. D. Is a proportional tax because the rate is the same for all income groups.
To increase productivity,
A. Capital spending must increase at the same pace as the labor force expands. B. Capital spending must be greater than zero. C. Capital spending must increase faster than the labor force expands. D. The labor force must grow faster than capital spending increases.