The balance of payments constraint refers to the limits on:
A. exchange rate policy imposed by flexible exchange rates.
B. currency convertibility observed in most developing countries.
C. domestic macroeconomic policy, arising from a shortage of international reserves.
D. macroeconomic policy resulting from IMF conditionality.
Answer: C
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Refer to Figure 10-6. A change in the price of popcorn only is shown in
A) Panel A. B) Panel B. C) Panel C. D) none of the above panels.
Suppose Chip's Chips produces bags of potato chips that sell for $3 a bag. If they sold 12,000 bags and incurred total costs of $30,000, what was the company's profit?
A. $18,000 B. $6,000 C. $42,000 D. $36,000
Which of the following is not an example of input growth that is a potential source of economic growth
a. immigration b. growth of the capital stock c. development of new technologies that reduce energy use. d. greater investment in workers' skills e. All of these are examples of input growth
What is the present value of receiving $$200 a year indefinitely if the interest rate is 8%?
a. $1250 b. $1750 c. $2500 d. $2750