A nation's saving rate is not a primary determinant of its long-run economic prosperity
a. True
b. False
Indicate whether the statement is true or false
False
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Brett desperately wants to quit smoking, but just can't seem to do it on his own. So, he tells his friends that he will pay them $20 each time they catch him smoking. This agreement with Brett's friends is an example of:
A. an irrational choice B. an opportunistic device C. a commitment device. D. an irrational device.
Which of the following is not a major trading partner of the U.S.?
a. Canada b. Mexico c. Russia d. China
When the interest rate rises, the demand for loanable funds falls and the supply of loanable funds rises.
Answer the following statement true (T) or false (F)
If the price of a car in the United States is $22,000, and the exchange rate between the dollar and the Japanese yen falls from 125 yen to 105 yen per dollar, then the price of the American car in Japan will
A. remain the same. B. rise. C. fall. D. be irrelevant, because the Japanese government will impose restrictions on imports from the United States.