Referring to Figure 18.2, the dollar is likely to depreciate if the exchange rate is either ________ or ________ pesos to the dollar.
A. 10; 11
B. 11; 12
C. 12; 13
D. 13; 14
Answer: D
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A nation's average annual real GDP growth rate is 3%. Based on the "rule of 72," the approximate number of years that it would take for this nation's real GDP to double is
A. 40 years. B. 175 years. C. 17.5 years. D. 24 years.
An increase in consumer income will shift both the supply and demand curves
a. True b. False Indicate whether the statement is true or false
The first major piece of antitrust legislation was the
a. Clayton Act. b. Obama Care Act. c. Sherman Act. d. Clinton Act.
The slope of the budget line is equal to the ratio of:
A. marginal utilities. B. money income to the price of the good on the horizontal axis. C. money income to the price of the good on the vertical axis. D. price of the good on the horizontal axis to the price of the good on the vertical axis.