A market in which businesses, households, and governments buy and sell national currencies is
A) the foreign exchange market.
B) the currency exchange market.
C) the money exchange market.
D) the dollar exchange market.
Answer: A
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A perfectly competitive firm will not operate where MC = MR but at MC = AC
a. True b. False Indicate whether the statement is true or false
The three major sources of economic profit are
a. risk-bearing, innovation, and exercise of monopoly power. b. risk-bearing, rent seeking, and discounting. c. innovation, invention, and speculation. d. exercise of market power, marginalization, and speculation.
Head Start has not been "fully funded," which means
A. there wasn't enough money to pay the teachers a salary commensurate with their skill. B. it has been run mainly by volunteers. C. there were children who were eligible to be in the classes but no slots were available. D. all of the above.
If a common area is turned into a private resource, the owner will have incentives for using that resource efficiently.
Answer the following statement true (T) or false (F)