Which one of the following institutions manages Ireland's monetary policy?
(a) The Federal Reserve Bank in America.
(b) The Bank of England.
(c) The European Central Bank in Frankfurt.
(d) The Bank of Ireland.
Answer: (c) The European Central Bank in Frankfurt.
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The merchandise trade balance is the value of a nation's:
a. merchandise and service exports plus merchandise and service imports. b. merchandise exports subtracted from capital inflows. c. merchandise imports subtracted from merchandise exports. d. merchandise imports plus net capital inflows.
(Consider This) Since 1990, U.S. immigrants have founded ____ of every _____ public companies financed by venture capital
A. 1; 4 B. 1; 3 C. 1; 2 D. 2; 5
The above figure shows Bobby's indifference map for soda and juice. B1 indicates his original budget line. B2 indicates his budget line resulting from an increase in the price of soda. From the graph, one can conclude that
A) Bobby views soda as an inferior good. B) Bobby's demand for soda is perfectly inelastic. C) Bobby views soda as a normal good. D) the income elasticity of demand for soda is 1.
Compared to IACs, LDCs are often characterized by:
a. higher life expectancy. b. higher adult literacy rates. c. higher daily calorie supply. d. lower per capita energy consumption.