The U.S. economy is currently experiencing a standard business cycle.
Answer the following statement true (T) or false (F)
False
In a normal business cycle, the economy expands at a much higher rate than it contracts. This has not happened. The author calls this a structural stagnation.
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Which of the following is a factor in determining the demand for the dollar on the foreign exchange market?
i. the exchange rate ii. interest rates in the United States and other countries iii. the expected future exchange rate A) i only B) ii only C) iii only D) i and ii E) i, ii, and iii
Tax systems in developing countries tend to be efficient and reliable
Indicate whether the statement is true or false
Assuming that professional and college football are substitutes, an increase in the ticket price for professional football, other things being equal, will:
a. increase the demand for college football tickets. b. decrease the demand for college football tickets. c. not change the demand for college football tickets. d. decrease the demand for professional football games.
Which of the following industries accounts for the largest share of world trade?
a) agriculture b) mining c) manufacturing d) construction e) services