A trade deficit involves:
a. net flows of goods from foreign countries to the domestic government.
b. net money flows from the foreign firms to the domestic government.
c. net money flows from the domestic firms to the domestic government.
d. net money flows from the foreign firms to the domestic firms.
e. net flows of goods from foreign countries to the domestic firms.
e
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If a nation's real GDP increases from 100 billion to 106 billion and its population jumps from 200 million to 212 million, its real GDP per capita will
A. fall by 6%. B. remain constant. C. fall by 12%. D. rise by 6%.
Suppose you are working four nights per week at your courses and your grade point average is 3.5. You want a higher grade and decide to study an extra night each week. Your GPA now rises to 3.8
What is your marginal benefit from studying for one additional night a week?
Using demand and supply curves for the Japanese yen based on the $/¥ price for yen, an increase in US INFLATION RATES would
a. Decrease the demand for yen and decrease the supply of the yen. b. Increase the demand for yen and decrease the supply of the yen. c. Increase the demand and increase the supply of yen. d. Decrease both the supply and the demand of yen. e. Have no impact on the demand or supply of the yen.
Which of the following is not true of adverse selection?
A. It describes the problem a lender faces in identifying loan applicants as good or bad risk borrowers. B. It arises because borrowers have more information than lenders regarding their creditworthiness. C. It arises if lenders try to charge an average price to all applicants. D. It exists because information is perfect.