The demand curve for a foreign currency in the foreign exchange market is ______.
a. downward sloping
b. perfectly horizontal
c. upward sloping
d. perfectly vertical
a. downward sloping
Economics
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The above figure shows the Lorenz curves for four different countries. Which of the following statements CAN be made on the basis of the graph?
A) Country C has the best balance between equity and efficiency. B) Country A is a socialist country. C) The income distribution is more equal in country B than in country D. D) all of the above
Economics
In the neoclassical growth model, break-even investment must cover
a. the depreciation in capital. b. the rate of technology growth. c. depreciation and capital for new workers (population growth). d. capital for new workers (population growth) and technology growth. e. none of the above.
Economics