Which of the following statements is true?
(a) Poland, Denmark and Sweden currently do not use the Euro.
(b) England, Poland and Portugal currently do not use the Euro.
(c) England, Sweden and Malta currently do not use the Euro.
(d) England, Greece and Cyprus currently do not use the Euro.
Answer: (a) Poland, Denmark and Sweden currently do not use the Euro.
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From 1970 to 2010, the poverty rate in East Asia rose slightly but the level of poverty in sub-Saharan Africa fell dramatically
Indicate whether the statement is true or false
When foreign residents increase their demand for U.S. dollars, ceteris paribus,
A. Foreign residents, at the same time, reduce their supply of foreign currency to the foreign exchange market. B. The dollar will depreciate in value. C. The dollar price of foreign currency will rise. D. The dollar will appreciate in value.
In which of the following situations would using a rule of thumb be most appropriate?
a. You are late for an important job interview and have to grab lunch at a restaurant you have never been to before. b. You are purchasing a home as a first-time homebuyer and realize you don’t have much information to go on. c. You are researching software options for a new startup and have access to expert opinions. d. You are weighing the marginal utility of entering the workforce versus seeking a postgraduate degree.
You observe that grocery shoppers choose the shortest line at the checkout. This is an example of _____
a. rational self-interest b. selfishness c. greed d. blind materialism e. altruism