If the income effect of a change in the wage dominates the substitution effect, then workers will want to work more when the wage increases

Traders operate on the principle that the ______ the value of the nominal exchange rate (E), the ______ it is to purchase foreign currency, and the _____ its return measured in the domestic currency.

A) higher; more expensive; lower B) higher; less expensive; higher C) lower; more expensive; higher D) higher; more expensive; higher

Which of the following institutions are NOT examples of financial intermediaries?

A) 1st National Bank, Chemical National Bank, Chase Manhattan National Bank B) Farmer's Credit Union, 1st Mortgage Bank, IBM Credit Union C) a Savings and Loan, New York Savings and Loan, First American Savings and Loan D) the New York Stock Markets, Chicago and Pacific