Which of the following is an example of a positive economic statement?
a. The minimum wage should be raised to help low-income workers
b. The size of the Federal government should be reduced
c. Education and income are highly correlated
d. Nigeria should be given more foreign aid to foster economic development
Answer: c. Education and income are highly correlated
Economics
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Suppose the target exchange rate set by the Fed is 100 yen per dollar. If the demand for dollars temporarily increases, to maintain the target exchange rate, the Fed can
A) sell dollars. B) buy dollars. C) violate interest rate parity. D) violate purchasing power parity.
Economics
The U.S. Postal Service expenditures are off-budget
a. True b. False
Economics