Refer to Figure 8.1. Holding other variables constant, an increase in the skill level of workers will result in a
A) shift from curve D1 to curve D2.
B) shift from curve D2 to curve D1.
C) movement from point A to point B.
D) movement from point B to point A.
A
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If a bushel of corn sells for $2 in the United States and for 4,000 COP (Colombian peso) in Colombia, and if 1 dollar is worth 2,200 COP, then:
a. the corn is 400 COP more expensive in Colombia. b. the corn is 400 COP cheaper in Colombia. c. the price of a bushel of corn equals $2 in both the United States and Colombia. d. the price of corn is 4,000 COP lower in Colombia than in the United States. e. the price of corn is $0.20 lower in the United States than in Colombia.
What is the present value of a payment of $2,000 to be received two years from today if the interest rate is 5%?
a. $2205 b. $2200 c. $1818.18 d. $1814.06
Which of the following would not be a consequence of an increase in the U.S. government budget deficit?
a. the U.S. trade balance rises b. the U.S. interest rate rises c. domestic investment in the U.S. falls d. the real exchange rate of the U.S. dollar appreciates
The "bail-out" money that went to giant financial institutions like Citibank and Goldman Sachs, along with General Motors and Chrysler during the Financial Crisis and the Great Recession, came from the:
A. American Recovery and Reinvestment Act B. Troubled Assets Relief Program C. Primary Dealer Credit Facility D. Term Securities Lending Facility