The BRICs share all of the following EXCEPT
A) they are getting a rising share of international trade and foreign investment.
B) they are easy places to do business.
C) their governments have a lot of power and authority in economic affairs.
D) to varying degrees they all present a new model, sometimes referred to as state capitalism.
B
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GDP excludes the value of all these goods and services EXCEPT
What will be an ideal response?
When a firm uses technological improvements to increase output from the same amount of inputs, the result is
A) a new production function. B) losses. C) guaranteed profits. D) diseconomies of scale.
In Table 17.2, 
A. the United States has an absolute advantage in both goods but a comparative advantage in apples only. B. the United States has an absolute and comparative advantage in both goods. C. Brazil has an absolute advantage in both goods but a comparative advantage in coffee only. D. the United States has an absolute and comparative advantage in apples while, Brazil has an absolute and comparative advantage in coffee.
Suppose you found $1,000 hidden in your mattress and deposited it in a demand deposit account at your bank. If the reserve requirement was 20 percent, the deposit would directly create ____ in excess reserves and ultimately lead to a ____ total increase in the money supply, if all banks in the system lend out 100 percent of their excess reserves
a. $800; $4,000 b. $800; $5,000 c. $1,000; $4,000 d. $1,000; $5,000