Refer to Figure 19-7. At what level should the Indian government peg its currency to the dollar to make U.S. imports cheaper in India?
A) less than $.02/rupee B) equal to $.02/rupee
C) greater than $.02/rupee D) $1/rupee
C
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Identify the correct statement
a. Between the 1960s and the 1990s, per capita GDPs grew faster in nonglobalizing countries. b. Between the 1960s and the 1990s, per capita GDPs grew faster in globalizing countries than in industrialized countries. c. Between the 1960s and the 1990s, per capita GDP growth rates in the industrialized world increased. d. Between the 1960s and the 1990s, per capita GDP in the industrialized world decreased. e. Between the 1960s and the 1990s, per capita GDP in all developing countries increased.
Most economists argue that an effective monetary policy would
a. create money faster during recessions and more slowly during booms. b. create money faster all the time. c. create money more slowly all the time. d. create money faster during booms and more slowly during recessions. e. create money slowly during booms and not at all during recessions.
A war in the Middle-East increases the price of oil. Suppose that the price hike holds. Over what period of time would you expect the largest change in quantity?
A. 1 month B. 1 day C. 1 week D. 1 year
Which of the following does not correctly characterize modern economic growth?
A. It spread slowly across the globe, with some societies not having experienced it yet B. It has occurred only in the last 200 or so years C. It drastically alters the culture and politics of society D. It has not affected the average lifespan of human beings