Who said this? "International capital flows have made it much more difficult for the central bank to plot the nation's monetary course."
A. Marc Levinson
B. John Maynard Keynes
C. Milton Friedman
D. Adam Smith
A. Marc Levinson
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A large part of the principal-agent problem stems from the desire of
A) agents to work hard. B) agents to avoid working. C) principals to work hard. D) principals to avoid working.
As a country develops economically, what changes usually take place in the goods it exports?
A. Exports go from being diversified to being specialized in whatever the country finds to be its comparative advantage. B. Raw materials and agricultural products decline in importance and are replaced by services and manufactured goods. C. Services and manufactured goods decline in importance and are replaced by raw materials and agricultural products. D. There is little change because comparative advantage does not change.
Goods and services purchased from international sources are
A. Net imports. B. Imports. C. Exports. D. Net exports.
Exports ________ GDP and imports ________ GDP.
A. increase; decrease B. decrease; increase C. increase; increase D. decrease; decrease