Markets in which the currencies of different countries across the world are traded are called:
a. stock markets.
b. foreign exchange markets.
c. loanable funds markets.
d. commodity markets.
e. money markets.
b
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It is widely known among baseball enthusiasts that Babe Ruth actually performed quite well as a pitcher before leaving the Boston Red Sox for the New York Yankees. He was also of course a famously successful hitter
Why do you believe the Yankees chose not to use him as a pitcher? Explain using economic reasoning. Hint: pitchers typically only play every third or fourth game whereas other players in other positions play in nearly every game. Baseball has a season of 162 games.
Cleanup of Superfund sites is currently funded by
a. a tax on petroleum b. annual appropriations by Congress c. a corporate environmental income tax d. monies appropriated under the American Recovery and Reinvestment Act e. all of the above f. (b) and (d) only
The inflation rate you are likely to hear on the nightly news is calculated from
a. the GDP deflator. b. the CPI. c. the Dow Jones Industrial Average. d. the unemployment rate.
Since the wide spread acceptance of the Keynesian view during the 1960s,
A) the federal government has run budget deficits during recessions, but substantial budget surpluses during economic expansions. B) perpetual budget deficits have been the norm. C) the federal government has persistently maintained a balanced budget. D) perpetual budget surpluses have been the norm.