Foreign-exchange market interventions will always
A) lead to a decline in domestic interest rates relative to foreign interest rates.
B) lead to a rise in domestic interest rates relative to foreign interest rates.
C) lead to a decline in the domestic money supply.
D) alter a central bank's holdings of international reserves.
D
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Activities that encourage faster growth are
A) high levels of consumption and low levels of savings. B) high levels of saving and investment in human capital. C) imposing trade barriers to limit international trade and thereby protect national industries. D) limiting property rights so that everyone can use any invention. E) taxes on saving that serve to encourage more spending and less saving.
The marginal cost curve intersects
A) the average fixed cost curve at its minimum. B) the average total cost curve at its maximum. C) the minimum of the average fixed cost, average variable cost and the average total cost curves. D) the minimum of the average variable cost and average total cost curves.