A fall in the price of flour, used in making cakes, is likely to:
A) increase the supply of cakes. B) decrease the quantity supplied of cakes.
C) increase the quantity supplied of cakes. D) decrease the supply of cakes.
A
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When the Glass-Steagall Act was repealed in 1999, potential conflicts of interest arose with
A) the development of universal banking. B) the introduction of more credit-rating agencies. C) accounting firms developing more comprehensive services. D) investment analysis in investment banking.
Which of the following refers to a shift in government spending from the country's infrastructure to education and health care?
a. Capital shallowing b. Expropriation c. Liberalization d. Investment diversion e. Import substitution
How can nations fix their exchange rates?
a. Either by imposing strict exchange controls or by setting interest rates at the same level as the country with which they want to fix the exchange rate. b. Either by imposing strict exchange controls or by keeping inflation at the same rate as the country with which they want to fix the exchange rate. c. Nominal exchange rates cannot be fixed. d. Either by imposing strict exchange controls or by obligating the central bank to intervene in the foreign exchange market to keep the exchange rate at its chosen rate. e. Either by keeping inflation at the same rate or by setting interest rates at the same level as the country with which they want to fix the exchange rate.
In a particular country in 2008, the average worker had to work 40 hours to produce 100 units of output. In that same country in 2018, the average worker needed to work 35 hours to produce 94.5 units of output. In that country, the productivity of the average worker
a. increased by 2 percent between 2008 and 2018. b. increased by 8 percent between 2008 and 2018. c. remained unchanged between 2008 and 2018. d. decreased by 2 percent between 2008 and 2018.