Foreign exchange activity is dominated by the spot and swaps markets

In the Malthusian model, state-mandated population control policies are likely to

A) decrease the equilibrium size of the population and increase the equilibrium level of consumption per worker. B) decrease the equilibrium size of the population and have no effect on the equilibrium level of consumption per worker. C) have no effect on the equilibrium size of the population and increase the equilibrium level of consumption per worker. D) have no effect on either the equilibrium size of the population or the equilibrium level of consumption per worker.

The demand for a product is more inelastic

a. When it has many close substitutes b. In the long-run c. When it has many complements d. None of the above