Which of the following middle-income countries had higher fixed and mobile lines per 1,000 people, than the U.S. and Japan in 2009?
a. Brazil
b. Russia
c. China
d. India
b
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If the real interest rate is below the equilibrium real interest rate
A) lenders will be unable to find borrowers willing to borrow all of the available funds and the real interest rate will fall. B) borrowers will be unable to borrow all of the funds they want to borrow and the real interest rate will rise. C) lenders will be unable to find borrowers willing to borrow all of the available funds and the real interest rate will rise. D) borrowers will be unable to borrow all of the funds they want to borrow and the real interest rate will fall.
Refer to Table 4-4. Suppose that the quantity of labor supplied decreases by 40,000 at each wage level. What are the new free market equilibrium hourly wage and the new equilibrium quantity of labor?
A) W = $9.00; Q = 330,000 B) W = $8.00; Q = 390,000 C) W = $10.00; Q = 350,000 D) W = $9.50; Q = 370,000
If net exports are positive,
A) capital inflows must be greater than capital outflows. B) net foreign investment is negative. C) net foreign investment is also positive. D) Both A and B are correct.
If a country moves from fixed to flexible exchange rates, its macroeconomic policy
A) is no longer restricted. B) is restricted, as it can only use fiscal policy to achieve its economic goals. C) is restricted, as it can only use monetary policy to achieve its economic goals. D) must follow policy directives from the IMF.