If you were interested in charting prices of resources used by producers of energy, which of the following would you use?
A. The GDP deflator.
B. The Producer Price Index (PPI).
C. The Consumer Price Index (CPI).
D. The Cost of Living Adjustment (COLA).
Answer: B
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The expectation of future revaluation causes a balance of payments crisis marked by
A) a sharp rise in reserves and a fall in the home interest rate below the world interest rate. B) a sharp fall in reserves and an even bigger fall in the home interest rate below the world interest rate. C) a sharp fall in reserves and a rise in the home interest rate above the world interest rate. D) a sharp rise in reserves and an even greater rise in the home interest rate above the world interest. E) a sharp fall in reserves and an unchanged home interest rate.
According to the text, the essence of good management is:
A) to determine when a free lunch is actually free. B) to be sure there are not "too many chefs stirring the broth." C) to ensure that the reputation of the firm remains high. D) to ensure that the stock price remains high. E) to determine whether the implementation of a practice increases the value that a firm adds.
Which of the following is an example of a produced factor of production?
a. corn that is harvested from a field in Iowa b. workers who are hired at a coal mine in West Virginia c. skills that teachers in Texas acquire through continuing-education classes d. All of the above are correct.
The aggregate demand curve shows the relationship between planned purchases of
A. all final goods and services and total planned production. B. all final goods and services and nominal GDP. C. all final goods and services and interest rates. D. all final goods and services and the price level.