If one US dollar costs 0.8 Euros, then 1 Euro must cost how many US dollars?
a. 0.5
b. 0.8
c. 1.0
d. 1.25
e. 1.5
D
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Which of the following rises during a recession?
A) Gross Domestic Product B) Investment C) Unemployment D) Consumption
The process of making the best of our limited resources by doing the things we are best at and hiring other people to do the things we are not particularly good at is called
A) absolute advantage. B) comparative advantage. C) specialization. D) protectionism.
A multinational corporation sells its goods in many countries but manufactures them in only one
Indicate whether the statement is true or false
High-mobility international capital markets exist when:
a. Changes in any of the three key macroeconomic markets affect the other two markets weakly. b. Changes in any of the three key macroeconomic markets affect the other two markets strongly. c. Current international transactions effects outweigh net nonreserve-related international borrowing/lending effects. d. Net nonreserve-related international borrowing/lending effects outweigh current international transactions effects.