What are the three main sources for economic growth in any economy?
Ans: Technology, human capital, and physical capital
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Suppose the price level in Germany rises, ceteris paribus. This ________________ United States net exports, ultimately shifting the United States AD curve ____________________
A) stimulates; rightward B) stimulates; leftward C) depresses; rightward D) depresses; leftward.
In the market in Figure 15.1:
A. social benefits are greater than private benefits. B. the quantity provided by the market is inefficient. C. the market produces less than the social optimum quantity. D. All of these
The combined impact of the labor pool effect of globalization for low-skilled workers and the market expansion effect of globalization for high-skilled workers is
A. falling income inequality, since one effect helps those with low incomes and the other effect hurts those with high incomes. B. rising income inequality, since one effect helps those with high incomes and the other effect hurts those with low incomes. C. stable income inequality, since one effect helps those with low incomes and the other effect helps those with high incomes. D. stable income inequality, since one effect hurts those with low incomes and the other effect hurts those with high incomes.
Refer to the information provided in Table 25.8 below to answer the question(s) that follow.Table 25.8
Refer to Table 25.8. If the required reserve ratio is 20%, Alamo Bank
A. has unloaned excess reserves of $100,000. B. has too few reserves on hand. C. is loaned up. D. is meeting its required reserve ratio and has no excess reserves.