In most countries, primary and secondary education is the responsibility of the
A. private business sector.
B. religious institutions.
C. government sector.
D. household.
Answer: C
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What does it mean for a country to have an absolute advantage in producing a product?
What will be an ideal response?
________ in the expected future domestic exchange rate causes the demand for domestic assets to shift to the right and the domestic currency to ________, everything else held constant
A) An increase; appreciate B) An increase; depreciate C) A decrease; appreciate D) A decrease; depreciate
If a government wants to distribute the burden of increased spending onto future generations it should:
a. Increase taxes b. Borrow from the public c. Print more money
Which of the following equations captures the aggregate capital stock of the economy in this year, Know?
A) Know = (1 - depreciation rate) × Klastyear + I B) Know = (1 + depreciation rate) × Klastyear + I C) Know = (1 - depreciation rate) × Klastyear × I D) Know = (1 - depreciation rate) × Klastyear - I The depreciation rate of capital in an economy is 10%. The investment on capital in the current year is $500.