Although the United States is the second largest exporting country, international trade is less important to the United States than it is to most other countries
Indicate whether the statement is true or false
TRUE
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Perfect capital mobility mixed with floating exchange rates means that
A) fiscal spending is completely ineffective. B) monetary policy is completely ineffective C) neither fiscal nor monetary policy will be effective. D) both fiscal and monetary policies efficiencies will be maximized.
On average, college graduates earn significantly more income than those with less education and the disparity tends to widen into middle age
a. True b. False
We would expect which of the following to occur when the central bank pursues expansionary monetary policy?
A) an increase in bond prices and an increase in the interest rate (i) B) a reduction in bond prices and an increase in i C) an increase in bond prices and a reduction in i D) a reduction in bond prices and a reduction in i E) none of the above
An employee gains $500 from shirking. Thus, to deter shirking, the employer makes employees post a bond equal to $1,000, and installs monitoring devices to detect shirking. What is the probability that these devices can detect shirking?
A) 30% B) 100% C) 50% D) 95%