Investment in education in the HPAE was ________ in ________
A) low; primary schools
B) high; primary schools
C) low; primary and secondary schools
D) high; primary and secondary schools
E) high; university education
D
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If prices have decreased since the base period, then
A) real GDP is smaller than nominal GDP. B) real GDP is larger than nominal GDP. C) real GDP is equal to nominal GDP. D) there is no way to adjust nominal GDP so that it equals real GDP. E) real GDP can no longer be compared to nominal GDP.
Suppose a men's suit produced in Moldavia sells for 250 euros. If the exchange rate between euros and dollars is €1 = $1.38, how much will an American pay for the suit?
A. $181.16. B. $345.00. C. $250.00. D. $138.00.
One weakness of the Sherman Act is that
A) it fails to clearly define restraint of trade. B) it applies only to foreign monopolies. C) it applies only to the steel and railroad industries. D) none of the above.
If the United States looks more economically and politically stable relative to the rest of the world, this will
A. have no effect on the demand for dollars. B. increase the demand for dollars. C. decrease the demand for dollars. D. stop all trading between the currencies of the United States and other countries.