Answer the following statements true (T) or false (F)
1. A free good may eventually become an economic good.
2. Payment for the use of capital is made in the form of rent.
3. The study of economics would be less complicated if differences in subjective judgments did not exist.
4. Equilibrium is a position of stability or rest.
1. TRUE
2. FALSE
3. TRUE
4. TRUE
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When a government sets limits or puts any restrictions on the international flow of currency or payments, these measures are called:
a. forex regulation and restriction. b. capital controls. c. safeguard measures. d. black-market measures.
Forward transactions would be useful to
A) a government wanting to know the size of its future debt. B) a household wanting to reduce its future tax liability. C) a business wanting to know the cost of its funds on future loans. D) a business wanting to expand its operations in overseas markets.