Refer to the information provided in Figure 34.3 below to answer the question(s) that follow.
Figure 34.3Refer to Figure 34.3. Which of the following will shift the supply of pounds from S1 to S2?
A. Fewer British firms want to invest in the United States.
B. More British citizens travel to the United States.
C. The inflation rate in the United States decreases relative to the inflation rate in England.
D. The price of U.S. bonds decreases relative to the price of British bonds.
Answer: A
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If the slope of the per-worker production function is 1/4 in a given range, how will a $10,000 increase in capital per hour worked affect real GDP per hour worked in the same given range?
A) Real GDP per hour worked will increase by $10,000. B) Real GDP per hour worked will decrease by $40.000. C) Real GDP per hour worked will increase by $40,000. D) Real GDP per hour worked will increase by $2,500.
If Joanna is risk averse, then
a. her utility function exhibits the property of decreasing utility. b. her utility function exhibits the property of increasing marginal utility. c. she dislikes bad things more than she likes comparable good things. d. she is unlike most people, because most people are not risk averse.
Which of the following is not correct?
a. A potential cost of deficits is that they reduce national saving, thereby reducing growth of the capital stock and output growth. b. Deficits give people the opportunity to consume at the expense of their children, but they do not require them to do so. c. The U.S. debt per-person is large compared with average lifetime income. d. Current spending may benefit future generations.
Refer to the data provided in Table 11.2 below to answer the following question(s). Table 11.2 
Refer to Table 11.2. When the interest rate ________, the farmer will investment in all four projects.
A. is less than 15% B. is greater than 15% C. is greater than 5% D. is less than 5%