Economists estimate that ________ of U.S. currency is outside the United States and held primarily by ________
A) less than one quarter; foreign banks and foreign governments
B) over half; households and firms in countries where there is little confidence in the local currency
C) over half; foreign banks and foreign governments
D) less than one quarter; households and firms in countries where there is little confidence in the local currency
B
You might also like to view...
Marginal revenue is defined as
A) the value of a firm's sales. B) the total revenue from the total amount the firm sells. C) the change in total revenue that results from a one-unit increase in the quantity sold. D) total revenue divided by the total quantity sold.
An agricultural corn market faces a positive supply shock due to a beneficial rainy season and the use of new genetically modified seeds. As a result, farmers face the largest crop harvest in decades
Which answer below explains how a farm could actually go bankrupt under this scenario. A) The elasticity of supply for corn is elastic such that a positive shock reduces total revenue. B) The demand for corn is inelastic such that a positive supply shock reduces total revenue. C) An inelastic demand curve will cause revenue to fall because price decreases by more than the increase in quantity demanded. D) B and C