Fill in the blank: A productive service is a ________ service
A) supplied
B) demanded
C) technically efficient
D) marketed
B
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The Japanese real interest rate declines relative to the German real interest rate. German net exports ________ and the German exchange rate ________
A) increase; rises B) increase; falls C) decrease; rises D) decrease; falls
Proponents of inward-oriented policies ignore the fact that natural resources are exhaustible, so their long-run market value will fall
a. True b. False Indicate whether the statement is true or false
Answer the following statement(s) true (T) or false (F)
1. If the real interest rate is 5% and the inflation rate is 3% then the real growth rate in your purchasing power is 8%. profit maximizing company will choose to undertake the project. 2. If a project costs $2000 up front and generates revenues of $500 per year for ten years, then any 3. The higher the interest rate, the higher the price of a bond. 4. If a bond with face value $100 sells for $75, then we say that the bond is selling for a discount of 25%.
In surveys of professional economists, fourteen propositions were endorsed by an overwhelming majority of respondents
a. True b. False Indicate whether the statement is true or false