Most real world economies are mixed economies
a. True
b. False
Indicate whether the statement is true or false
True
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High Tech, Inc. produces plastic chairs that sell for $10 each. The following table provides information about how many plastic chairs can be produced per hour. Number of WorkersChairs Produced Per Hour00110218324428530For simplicity, assume that labor is the only input. How many workers will be hired if the hourly wage for workers is $50?
A. 5 B. 3 C. 2 D. 1
If the two goods in an Edgeworth Box are perfect complements for one person -- and if the other person has the typical tastes that satisfy our usual assumptions (without being extreme in any way), any efficient allocation will be such that the first person has equal amounts of good 1 and good 2.
Answer the following statement true (T) or false (F)
Foreign aid to a poor country might
A) improve its long run economic growth prospects. B) interfere with its domestic affairs. C) be allocated to useless projects and thereby reduce its growth rate. D) be used to keep its ruling party in power rather than spur economic growth. E) do any of the above.
For an investor who starts with pesos and wants to end up with pesos in the future, which of the following choices is an example of an uncovered international investment?
A. Sell dollars at the spot rate, invest the proceeds in foreign currency-denominated financial instruments, and then, buy pesos at the future spot rate B. Buy a peso-denominated financial asset C. Sell pesos at the spot rate, invest the proceeds in foreign currency-denominated financial instruments, and sign a forward exchange contract to buy the foreign currency D. Sell pesos at the spot rate, invest the proceeds in foreign currency-denominated financial instruments, and sign a forward exchange contract to buy pesos