The anticipated inflation rate is an important component of the nominal interest rate
a. True
b. False
Indicate whether the statement is true or false
True
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A current account deficit can occur if ________, all else equal
A) net national savings equals zero B) net factor income from abroad equals zero C) net exports are negative D) net investment income is negative
Cooperation is possible in a ________ game if both firms ________ know the final period of the game.
A) one-shot; do not B) finitely repeated; do C) one-shot; do D) finitely repeated; do not
What method was not used by the US between 1880 and 1920 to limit the number of immigrants?
a. Outlawing the practice of prepaying the cost of an immigrant's voyage in exchange for future labor services. b. Implementing a financial test for potential immigrants. c. Utilizing a literacy test for potential immigrants. d. Allowing only immigrants who had family members in the US to come in.
During the Cold War era, the U.S.:
A. did not engage in any foreign aid because of the severe cost of fighting the war. B. gave foreign aid to prevent the spread of communism, while Russia did the same in an effort to align countries with the Communist bloc. C. gave foreign aid, while the Russians demanded reparations from many of the same countries. D. gave foreign aid to promote their communistic support.