Pegging the bond market in 1942–45 meant that World War II (1941–45)
(a) would be financed by free-market interest-rate determination.
(b) fixed high interest rates.
(c) fixed low interest rates.
(d) sent high interest rates floating above the peg.
(c)
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Paint and paintbrushes are complements. If the price of paint increases, then
A) the demand for paintbrushes will increase. B) the demand for paintbrushes will decrease. C) the demand for paint will increase. D) the demand for paint will decrease.
A tariff is a tax on ________ goods that is designed to ________
a. exported; protect domestic industries b. exported; hurt foreign industries c. imported; make domestic consumers pay more d. imported; protect domestic industries e. domestic; discourage imports
Suppose the marginal product of labor is 8 and the marginal product of capital is 2. If the wage rate is $4 and the price capital is $2, then in order to minimize costs the firms should use:
a. More capital and less labor B. More labor and less capital c. Three times more capital than labor d. None of the statements associated with this question are correct
Which of the following is correct?
a. If developing countries limit career and educational opportunities for women, birth rates are likely to be lower. b. Growth rates in developed and developing countries are nearly the same. c. Historically, in periods where the rate of population growth was high, so was the rate of growth in world real GDP per person. d. None of the above is correct.