The curve that shows the relationship between net exports and the real exchange rate is:
A) upward sloping.
B) horizontal.
C) downward sloping.
D) vertical.
C
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Free trade refers to trade between countries
A) that is licensed by both governments. B) that is without shipping costs. C) of products which are free to low-income consumers. D) that is without restrictions.
An advantage of a functional division is that performance is
a. More easily measured b. More difficult to measure c. Not measured d. None of the above
Marti is an economic adviser for a country that is using this production possibilities curve. She decides she would like to see the production possibilities curve move to point N. How can this be done?
a. Use all facilities currently available.
b. Hire everyone who is unemployed.
c. Make sure everyone is doing what they do best.
d. Invent a new, more advanced production method.
In utilizing unconventional monetary policy in 2010, the Federal Reserve purchased
A. real estate worth more than $2 trillion. B. $800 billion in Treasury bills. C. over $1 trillion in mortgage backed securities. D. $600 billion in long-term Treasury bonds.