Spot exchange typically involves:
A. some transaction costs.
B. long-term contracts.
C. extremely high transaction costs.
D. no transaction costs.
Answer: A
Economics
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The figure above shows Sam's budget line. Which of the following would result in Sam's budget line rotating inward and not changing its vertical intercept?
A) a decline in his preference for coffee B) a fall in the price of a gallon of gasoline C) a decrease in Sam's income D) an increase in the price of a pound of coffee
Economics
In the economy of Talikastan in 2015, consumption was $5300, GDP was $8800, government purchases were $1800, imports were $600, and investment was $2000 . What were Talikastan's exports in 2015?
a. -$900 b. -$600 c. $200 d. $300
Economics