A British importer buying American wheat would pay for his purchases in __________.
Fill in the blank(s) with the appropriate word(s).
dollars
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If your nominal income is $75,000 and your real income in base year prices is $60,000, what is the CPI?
A) 250 B) 125 C) 80 D) 200 E) 100
The regulatory agency responsible for regulating the activities of life insurance companies is
A) the FDIC. B) the Fed. C) the FHLBS. D) the appropriate state agency where the company is operating.
If there are significant external costs associated with the production of a product, it can be said that the private cost of production to the firm ____ the cost to society associated with this product and output should ____ to move toward the efficient situation
a. overstates; increase b. understates; increase c. overstates; decrease d. understates; decrease
Adam Smith identified all of the following as factors contributing to a nation's economic growth, except
a. size of the labor force b. degree of labor specialization (or division of labor) c. size of the capital stock d. level of technology e. the level of government spending