Which of the following explains why economists may disagree over positive issues?
a. They have different beliefs and values.
b. They examine the same data to draw their conclusions.
c. They need to disagree in order to publish their research findings.
d. They often employ different models and statistical techniques when examining data.
e. Some work only on microeconomic issues, while others focus exclusively on macroeconomic issues.
D
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Money is still useful during times of inflation because
A) it still retains the characteristic of predictability of value. B) its opportunity cost falls as inflation rises. C) more money can be made so people can still purchase the goods and services they want. D) it is not a liquid asset.
If a toy costs 30 yuan in China, how much will it cost in dollars, if the exchange rate is 6 yuan per dollar?
What will be an ideal response?
If discretionary fiscal policy creates a federal budget deficit, the economy must be experiencing falling output
a. True b. False Indicate whether the statement is true or false
If the exchange rate falls, domestic goods become relatively ______ expensive. This change in the affordability of domestic goods makes domestic goods _____ attractive to domestic residents. So, _______ ______
Fill in the blank(s) with correct word