An example of a U.S. import would be:
A. a French bottle of wine consumed by an American.
B. an Apple computer, made in the U.S., purchased by a U.S. college student who plans to study abroad in France.
C. a bushel of apples that Canadians pick and enjoy during a lovely fall day in Vermont.
D. an Apple computer, made in the U.S., purchased by a French student.
A. a French bottle of wine consumed by an American.
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The three oil shocks the U.S. experienced in 1973-1974, 1979-1980 and 2007-2008 had a consistent result ________
A) a decline in the MPK B) a decline in the real rental price of capital C) a decline in stock prices D) all of the above E) none of the above
All of the following are examples of a sequential game except which one?
A) Checkers B) Tic-Tac-Toe C) Chess D) Rock-Paper-Scissors
When you buy a new car, the dealer presents you with a set of keys and you drive away into the sunset. What would you do if, after agreeing to a price for the car, the dealer told you that a set of keys would cost an additional $5? What does this tell you about the price elasticity of demand for car keys? Explain
Kaitlin has $10,000 of savings that she may deposit with her local bank. Kaitlin wants to earn a real rate of return of at least 4 percent and she is expecting inflation to be exactly 3 percent. What is the lowest nominal interest rate that Kaitlin would be willing to accept from her local bank?
What will be an ideal response?