Which of the following is the largest single component of the market basket used to compute the consumer price index (CPI)?

A. food and beverages
B. housing
C. transportation
D. medical care

Answer: B

Economics

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When firms increase capital stock, the productivity of their workers increases

Indicate whether the statement is true or false

Economics

An increase in the supply of dollars on the foreign exchange market, all else equal, will result in:

A) appreciation of the U.S. dollar and depreciation of the foreign currency. B) appreciation of the U.S. dollar and appreciation of the foreign currency. C) depreciation of the U.S. dollar and depreciation of the foreign currency. D) depreciation of the U.S. dollar and appreciation of the foreign currency.

Economics