When the dollar depreciates, U.S
a. exports and imports increase.
b. exports increase, while imports decrease.
c. exports decrease, while imports increase.
d. exports and imports decrease.
b
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According to the gravity model, a characteristic that tends to affect the probability of trade existing between any two countries is
A) their cultural affinity. B) the average weight/value of their traded goods. C) their colonial-historical ties. D) the distance between them. E) the number of different product varieties produced by their industries.
An closest example of a risk-free security is
a. General Motors bonds b. AT&T commercial paper c. U.S. Government Treasury bills d. San Francisco municipal bonds e. an I.O.U. that your cousin promises to pay you $100 in 3 months
Interest rates in the loanable funds market vary with respect to
a. your rate of time preference. b. risk. c. expected inflation. d. all of the above. e. both b and c above.
Why do major-league baseball players get paid more than minor-league players?
a. Major-league players are better athletes. b. The higher wage reflects a compensating differential. c. Playing in the major leagues in more pleasant then playing in the minor leagues. d. The higher wage is often due to educational discrepancies.