Figure 10-9
?
Figure 10-9 describes which of the following periods in the United States?
A. 1930s
B. 1973–1975
C. late 1990s
D. 2007–2009
Answer: C
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When compared with China, the growth of clothing exports originating in Bangladesh is the result of
A) the comparative advantage that Bangladesh has in the production of clothing for export. B) the absolute advantage that China has in the production of clothing for export. C) the absolute advantage that Bangladesh has in the production of clothing for export. D) the comparative and absolute advantage that China has in the production of clothing for export. E) the comparative and absolute advantage that Bangladesh has in the production of clothing for export.
In the 1970s, _____
a. the market interest rate increased above the rate that banks could offer b. banks and thrifts were able to borrow at low interest rates to support outstanding loans c. the market interest rate decreased below the rate that banks could offer d. banks and thrifts were forced to call in outstanding loans e. banks and thrifts were bailed out by the FDIC
An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease
If the Battle of the Sexes game were played sequentially,
A) one of the two pure strategy equilibria would become the only equilibrium. B) the two pure strategy equilibria would alternate in being the equilibrium seen in each round of the game. C) only the mixed strategy equilibrium would exist. D) only the dominant strategy equilibrium would exist. E) the equilibrium would not change.