According to the text, as compared to rich countries, most of the poor countries do not fare well because:
a. they have no oil.
b. the people in these countries have limited property rights.
c. access to education in these countries is very limited.
d. high tariffs in these countries prevent international trade.
e. they do not have any natural resources.
b
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If the money multiplier is 2.4 and the Fed buys $8 million in securities on the open market, transaction deposits could potentially
A) decrease by $16.5 million. B) increase by $8 million. C) decrease by $19.2 million. D) increase by $19.2 million.
Which of the following transactions would be included in Japan's current account?
A) A Japanese citizen purchases 50 shares of Google stock. B) An American citizen purchases a new Toyota made in Japan. C) A Japanese citizen purchases a new Toyota made in Japan. D) An American citizen purchases 50 shares of Toshiba stock.
If you have $2 million in a CD at a commercial bank that is a member of the FDIC, how much of your funds are uninsured?
A) $0 B) $1 million C) $1.75 million D) $2 million
Testing for the random receipt of treatment
A) is not possible, in general. B) entails testing the hypothesis that the coefficients on W1i, …, Wri are non-zero in a regression of Xi on W1i, …, Wr. C) is not meaningful since the LHS variable is binary. D) entails testing the hypothesis that the coefficients on W1i, …, Wri are zero in a regression of Xi on W1i, …, Wr.