In the dollar:pound foreign exchange market, is it always true that when the demand for dollars rises the supply of pounds falls?
a. Yes. This is always true.
b. No. This is not always true.
c. Like most things in life, it depends on a variety of other factors.
.B
Economics
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An isoquant represents levels of capital and labor that
A) have constant marginal productivity. B) yield the same level of output. C) incur the same total cost. D) All of the above.
Economics
An increase in government expenditures may lead people to expect that in the future taxes will rise and create greater distortions. By themselves these changes in expectations lead people to
a. raise both consumption and investment. b. raise consumption but reduce investment. c. raise investment but reduce consumption. d. reduce both consumption and investment.
Economics