Relative to the yen, from 2012-2014 the U.S. dollar
A) depreciated due to an anticipated decrease in the interest rate differential and expectations of a lower future exchange rate.
B) appreciated due to an anticipated decrease in the interest rate differential and expectations of a lower future exchange rate.
C) depreciated due to an anticipated increase in the interest rate differential and expectations of a higher future exchange rate.
D) appreciated due to an anticipated increase in the interest rate differential and expectations of a higher future exchange rate.
D
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The Skinned Knee Corporation can produce either 300 skateboards each week or 500 snowboards each week. What is their opportunity cost of producing 300 skateboards each week?
A) 300 skateboards B) 200 snowboards C) 500 snowboards D) 800 snowboards
Which of the following is included in personal income but not in national income?
a. Corporate profits b. Social Security payments c. Compensation for workers d. Proprietors' income
A farmer produces oranges and sells them to Fresh Juice, which makes orange juice. The oranges produced by the farmer are called
a. inventory goods. b. transitory goods. c. final goods. d. intermediate goods.
Recall the Application about intellectual property in GDP accounts to answer the following question(s).According to the Application, prior to 2013, firm expenditures on research and development and new artistic work were treated as ________ in our GDP accounts.
A. intermediate inputs B. investment C. net exports D. consumption