The above figure shows the U.S. market for replacement cell phone batteries. With free international trade, the United States
A) exports 300,000 batteries.
B) imports 500,000 batteries.
C) imports 400,000 batteries.
D) exports 700,000 batteries.
E) imports 800,000 batteries.
E
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An Australian investor buys a U.S. Treasury bond that has a price of $10,000 . pays 5 percent interest, and matures in a year. Between the purchase date and the maturity date, the exchange rate changes from $1 = AUD 5.0 to $1= AUD 5.2 . What will be the Australian investor's rate of return from the U.S. bond?
a. 4 percent b. 7 percent c. 9.2 percent d. 12 percent e. 25 percent
On average, prices rise __% in that typical 12-day shopping window
Fill in the blank(s) with the appropriate word(s).
________ is considered to be the least mobile factor internationally.
A. Labor B. Land C. Capital D. Entrepreneurship
The multiplier represents the ratio of the total shift in aggregate demand to the:
A. total shift in short-run aggregate supply. B. initial shift in short-run aggregate supply. C. initial shift in aggregate demand. D. total shift in long-run aggregate supply.