A __________ card can store a certain value of money on the card and then be used to make purchases.
a. smart
b. debit
c. credit
d. savings
a. smart
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Greatland and Superland both produce 5 million watches in a year. The opportunity cost of producing one watch is 2 shirts in Greatland, and the opportunity cost of producing one watch is 3 shirts in Superland
Which of the following statements is true? A) Superland has a comparative advantage in producing watches. B) Superland has an absolute advantage in producing watches. C) Greatland has a comparative advantage in producing watches. D) Greatland has an absolute advantage in producing watches. Consider two economies, Beta and Zeta. Each farmer in Beta can grow 1,000 pounds of apples in a year or 500 pounds of oranges. Each farmer in Zeta can grow 400 pounds of apples or 1,200 pounds of oranges in a year.
Which of the following is true with regard to bonds?
A) As the price of a bond falls, the interest rates rises. B) As the price of a bond rises, the interest rates rises. C) As the price of a bond falls, the interest rates remains unchanged. D) As the price of a bond falls, the interest rates falls.
The Keynesian analysis of fiscal policy argues that:
A. fiscal policy should generally be expansionary except during periods of economic recession. B. fiscal policy should generally be restrictive except during inflationary booms. C. the federal budget should be balanced annually except during war. D. the federal budget should be used to maintain aggregate demand at a level consistent with full employment.
Foreign currency exchanges and interest payments on foreign debt are examples of:
A. financial flows. B. trade flows. C. capital flows. D. technology flows.