The statement "Unemployment should be below 6 percent" is
A) a positive statement.
B) a normative statement.
C) a prediction.
D) an assumption.
B
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The United States is a ________ nation because it pays ________ in interest to the rest of the world than it receives in ________ from the rest of the world
A) creditor; more; interest B) debtor; more; interest C) debtor; less; cash D) debtor; more; cash E) debtor; less; interest
Which of the following is CORRECT about a time-series graph?
I. The x-axis measures time. II. A time-series graph can reveal if there is a trend in the variable. A) only I B) only II C) both I and II D) neither I nor II
A __________ shift in the demand curve for a foreign currency causes the foreign currency to __________
A) rightward; appreciate B) leftward; appreciate C) rightward; depreciate D) None of the above.
John believes that when the price of a good increases people will purchase more of the good. This statement is
A) consistent with the law of demand. B) inconsistent with the law of demand. C) referring to money prices. D) consistent with the law of supply.