A sewer system is
a. rival and exclusive, and therefore is a public good
b. nonrival and nonexclusive, and therefore is a public good
c. exclusive, but since it is nonrival, it is a public good
d. nonrival, but since it is exclusive, it is a private good
e. nonrival and nonexclusive, and therefore is a private good
B
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Suppose the peso-dollar foreign exchange rate changes from 50 pesos per dollar to 30 pesos per dollar. Then the peso has ________ against the dollar and the dollar has ________ against the peso
A) appreciated; depreciated B) appreciated; appreciated C) depreciated; appreciated D) depreciated; depreciated
Due to low interest rates, increased banking regulations, and technological change, JPMorgan Chase announced it would ________ the number of persons it employed in 2015 and this would ________ the total number of persons unemployed in the economy
A) decrease; increase B) increase; decrease C) decrease; decrease D) increase; increase
The real exchange rate is an adjustment of the nominal exchange rate to account for
a. inflation at home and abroad b. supply and demand in the market c. government's assessment of its value d. currency amounts held by governments e. none of the above
Most U.S. imports are
a. manufactured goods b. agricultural services c. petroleum and related products d. minerals such as bauxite and nickel e. military goods