Which European nation has kept its own currency and maintains a fixed value against the euro?
a. The United Kingdom
b. Belgium
c. Denmark
d. Russia
Answer: c. Denmark
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In a situation of free trade
a. countries with comparative advantage will export more than countries with comparative disadvantage import. b. the total quantity of an item exported will be greater than the total quantity imported. c. importing countries will always produce some good, so that total quantity imported is less than total quantity exported. d. the total quantity of an item exported will equal the total quantity imported.
Which of the following is an example of human capital?
A. The Internet B. Your ability to use Google C. The Google search engine on the Internet D. None of these is an example of human capital.
The explanation for the slope of
a. the supply of loanable funds curve is based on the logic that a higher real interest rate leads to higher saving. b. the demand for loanable funds curve is based on the logic that a higher interest rate leads to higher saving. c. the supply of loanable funds curve is based on the logic that a higher real interest rate leads to lower saving. d. the demand for loanable funds curve is based on the logic that a higher interest rate leads to lower saving.
In Figure 4.2, at quantities smaller than Q1, demand is:
A. inferior. B. elastic. C. inelastic. D. unit elastic.