Which of the following are most likely to become an endangered species?
A. animals that people like to keep at home as pets
B. animals that people have property rights to own
C. domesticated animals
D. animals in the wild
Answer: D
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An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease
If one Mexican peso was worth 0.05 U.S. dollar, then one U.S. dollar would be worth:
a. 0.05 Mexican pesos. b. 0.05 U.S. dollars. c. 20 U.S. dollars. d. 20 Mexican pesos. e. 5 Mexican pesos.
The most important single factor in determining the exchange rate in the short run is
A. inflation differentials. B. interest rate differentials. C. monetary growth differentials. D. price differentials.
____________is the problem of preventing you from acting opportunistically after buying insurance
a. Moral hazard b. Adverse selection c. Decision making d. None of the above