If the price level increases, the money demand curve will
a. shift leftward
b. become steeper
c. remain in the same position; however, there will be movement upward along the curve
d. shift rightward
e. remain in the same position; however, there will be movement downward along the curve
D
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If it costs the DuPont Chemical Company more to make the chemical flaxinate in the United States than it does to make it in Formosa, the Formosans must have
a. a comparative advantage in producing flaxinate b. cheaper labor c. efficient traders d. greater access to the raw materials that are used to produce flaxinate e. an absolute advantage in flaxinate production
How is human capital most commonly measured?
a. By the organizational rank and seniority b. By the amount of pay and incentives c. By the amount of education and training d. By the compensation structure and work policies
List and describe the four positions held by monetarists that help to explain the monetarists view of the economy
All of the following are options a government can pursue to maintain a fixed exchange rate after exhausting its foreign exchange reserves, except
a. borrow foreign currencies from the IMF b. impose import controls c. impose exchange controls d. change its exchange rate e. lend foreign currencies to other countries