In contrast to richer countries, most residents of poorer nations will have
A. only some primary education.
B. primary and secondary education.
C. higher education.
D. higher levels of productivity.
Answer: A
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The U.S. dollar exchange rate, e, where e is the nominal exchange rate expressed as Japanese yen per U.S. dollar, will depreciate when:
A. Japanese consumers increase their preference for U.S. cars. B. the U.S. Federal Reserve eases monetary policy. C. real GDP in the U.S. decreases. D. the Bank of Japan eases monetary policy.
In the housing market, if a rent ceiling of $600.00 is imposed when the equilibrium rent is $500.00, why will nothing change?
What will be an ideal response?
The target zone model of exchange rates requires adjustment for
A) imperfect policy credibility and intra-marginal adjustments. B) imperfect policy credibility. C) speculative pressure and intra-marginal adjustments. D) speculative pressure.
The money cost of a particular good will approximate its opportunity cost if
a. there are serious distortions in the market. b. the market functions well. c. there is much specialization in the market. d. nations are exploiting the law of comparative advantage.