In 2016 the U.S. dollar was involved in 88 percent of all foreign exchange transactions.
Answer the following statement true (T) or false (F)
True
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Which of the following is the correct way to calculate the unemployment rate?
A. (unemployed/population) x 100 B. (unemployed/labor force) x 100 C. (labor force/unemployed) x 100 D. (labor force/population) x 100
In order to societies to reap the gains from trade, it is necessary to
A) define and enforce property rights. B) foster economic growth. C) distribute resources equally. D) achieve productive efficiency.
The spending multiplier effect is the result of a shift in the aggregate expenditures (AE) line
a. True b. False Indicate whether the statement is true or false
As a result of a tariff, domestic consumers buy
a. fewer units at a higher price. b. fewer units at a lower price. c. more units at a lower price. d. more units at a higher price.