Recall the Application about a South African consumer lender that offered different interest rates in loan offers via mass mailings to answer the following question(s).According to the Application, the number of men who accepted a particular loan offer from the mass mailings ________ when the offer letter included the picture of a ________.
A. increased; man rather than the picture of a woman
B. increased; woman rather than the picture of a man
C. decreased; either a man or a woman
D. was unaffected; either a man or a woman
Answer: B
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When the exchange rate is
A) flexible, purposeful stabilization is more difficult because monetary policy has no power at all to affect domestic output and employment. B) fixed, purposeful stabilization is less difficult because monetary policy has no power at all to affect domestic output and employment. C) fixed, purposeful stabilization is more difficult because monetary policy has no power at all to affect domestic output and employment. D) a crawling peg, rather than fixed, purposeful stabilization is more difficult because monetary policy has no power at all to affect domestic output and employment. E) fixed rather than crawling peg purposeful stabilization is more difficult because fiscal policy has no power at all to affect domestic output and employment.
Which of the following will cause net exports to rise?
a. A depreciation of the domestic currency b. A fall in foreign income c. Higher foreign tariffs on domestic goods d. Inflation in domestic economy e. A depreciation of the foreign currency
In the graph shown, what would shift the WAS curve from WAS0 to WAS1?
A. Domestic reservation wages fall. B. Government runs contractionary policy. C. Input prices fall. D. The country's exchange rate appreciates.
Which theory of regulation assumes that the industry wants to be regulated, in order to reduce competition and achieve cartel-like conditions?
A. Public interest theory B. Legal cartel theory C. Price fixing theory D. Public ownership theory