Of the following countries, which grew most slowly, in terms of real GDP per person, over about the last 120 years?
a. Brazil
b. Mexico
c. China
d. United States
d
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When the Fed ________ the federal funds rate, other short-term interest rates and the exchange rate also ________. The quantity of money and the supply of loanable funds ________
A) lowers; rise; increase B) lowers; fall; decrease C) lowers; fall; increase D) raises; rise; increase E) raises; fall; increase
Andrew has the utility of wealth curve shown in the above figure. He owns an SUV worth $30,000, and that is his only wealth. There is a 10 percent chance that he will have an accident within a year. If he does have an accident, his SUV is worthless
What is Andrew's expected wealth? A) $30,000 B) $27,000 C) $20,000 D) zero
Suppose that along the economy-wide rate-of-return line, the current interest rate of 8 percent causes planned investment of $300 billion
The $250-billionth dollar of investment spending has a rate of return ________ 8 percent and thus a ________ profit rate. A) below, positive B) below, negative C) above, positive D) above, negative
If a good is congestible, then _____
a. the optimal sharing group is a the national level b. the optimal club size is where marginal reduction in cost per user is minimized c. some congestion is optimal d. marginal costs are constant for any possible output level