If a Japanese pension fund decides to purchase U.S. government bonds, what is the effect in the exchange market?
a. It will increase the supply of U.S. dollars
b. It will decrease the supply of U.S. dollars.
c. It will increase the demand for U.S. dollars.
d. It will decrease the demand for U.S. dollars.
c
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In Econland population and average labor productivity are constant. If a larger proportion of the population enters retirement, then total output will ________ and output per person will ________.
A. decrease; remain constant B. decrease; decrease C. remain constant; remain constant D. increase; increase
The voting members of the Federal Open Market Committee are
A. the presidents of the 12 Federal Reserve banks and three members of the Board of Governors. B. all of the members of the Board of Governors and all of the presidents of the 12 Federal Reserve banks. C. all of the members of the Board of Governors and five of the presidents of the 12 Federal Reserve banks. D. only the members of the Board of Governors.
Determining the absolute advantage of a country requires that you look at
A. external costs. B. the output per worker in each country. C. accounting and economic profit. D. opportunity cost.
Refer to the figure below. The Gini ratio would be 0 for which curve?
A. a
B. b
C. c
D. d