If the exchange rate between yen and dollars were 120 yen per dollar, when a Japanese tourist buys a good valued at $600, its cost in yen would be:
a. 5 yen
b. 600 yen.
c. 72,000 yen.
d. 120 yen.
c
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What happens when the government imposes a unit excise tax on a good?
A) The amount of the tax is added to the current equilibrium price. B) The demand for the newly taxed good decreases. C) That good's supply curve shifts down by the amount of the tax. D) The newly taxed good's supply curve shifts vertically upward by the amount of the per-unit tax being levied.
Why would candy companies in the United States dislike the U.S. trade barriers on imported sugar?
a. Barriers decrease the cost of production, making candy less expensive. b. Barriers decrease the cost of production, making candy more expensive. c. Barriers increase the cost of production, making candy more expensive. d. Barriers increase the cost of production, making candy less expensive.
Over long periods of time, labor productivity growth rates must differ by at least ____ percent to yield significant differences in standards of living
a. 1 b. 5 c. 10 d. 15
If two series have means that are not trending, a simple regression involving two independent I(1) series will often result in a significant _____ statistic.?
A. ?F B. ?t C. ?z D. ??2