Which of the following countries had an economic growth rate equal to zero between 1960 and 2004?
A) South Africa
B) Philippines
C) South Korea
D) Kenya
D
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Selling bonds to finance new government debt leads to an opportunity cost that is
A. Greater than when government debt is financed with taxes. B. The same as financing government debt with taxes. C. Less than when government debt is financed with taxes. D. Dependent on who buys the bonds.
The situation in which the difference in interest rates between two currencies is equal to the expected change in the spot rate over the same time period is known as:
A) covered interest arbitrage B) covered interest parity C) uncovered interest parity D) uncovered interest arbitrage
The following figure shows the domestic demand (Dd) and domestic supply (Sd) curves of mopeds in a country before an import quota is imposed by the government. After the imposition of the quota, the maximum import quantity is QQ.
After the quota is imposed, the domestic consumers
A. lose $22.5 million. B. gain $52.5 million. C. lose $82.5 million. D. lose $7.5 million.
If the economy is experiencing a recessionary gap and the government wants to accelerate the adjustment to the long-run equilibrium, it should
A. reduce aggregate demand by cutting government spending or raising taxes. B. increase aggregate demand by increasing government spending or cutting taxes. C. increase aggregate supply by increasing government spending or lowering taxes. D. increase aggregate supply by cutting government spending or raising taxes.