Al-Qaeda operatives claimed that the September 11th terrorist attacks inflicted damage upon the U.S. of
A. more than $1 trillion.
B. between $1 billion and $10 billion.
C. between $10 billion and $100 billion.
D. almost $1 million.
Answer: A
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A farmer that is holding corn is short in the cash market.
a. true b. false
Supply-side economists argue that less government spending:
A. would make more investment capital available at lower rates of interest to the private sector. B. will result in more crowding out. C. causes higher rates of unemployment and inflation. D. would cause interest rates to increase dramatically.
If a natural disaster were to cause a negative long-run supply shock to the economy, once the economy adjusts, the new equilibrium will be at a:
A. higher price level and lower level of output. B. lower price level and lower level of output. C. higher price level and higher level of output. D. lower price level and higher level of output.
All of the following contributed to a surge in international lending to developing countries in the mid-1970s to early 1980s EXCEPT
A. There was widespread pessimism about the profits that could be earned through new business investments in the industrial countries. B. The governments of the developing countries discouraged foreign direct investment (FDI). C. Oil-exporting countries had a high short-run propensity to save out of their extra income. D. Oil-exporting countries invested most of their increased savings in government bonds issued by developing-country governments.