When tastes are quasilinear in leisure, the labor supply curve is vertical.

Answer the following statement true (T) or false (F)

False

Rationale: Quasilinearity in leisure implies no wealth effect -- but there is still a substitution effect. Thus the labor supply curve is upward sloping.

Economics

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An expansionary fiscal policy will result in higher interest rates and will reduce private investment.

a. true b. false

Economics

Briefly explain how a U.S. company that exports to Europe can hedge against exchange rate risk

What will be an ideal response?

Economics