The Cold War has been over since 1991, and foreign aid:
A. has tapered off and is largely nonexistent now.
B. is still used as an effective political strategy to prevent communism.
C. continues and is still largely dedicated toward building public goods.
D. proved to be an ineffective tool in preventing the spread of communism.
C. continues and is still largely dedicated toward building public goods.
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The GDP price index equals ________.
A. gross private domestic investment less the consumption of fixed capital B. nominal GDP divided by real GDP C. gross national product less net foreign factor income earned in the United States D. real GDP divided by nominal GDP
Joe's income is $500, the price of food (F, y-axis) is $2 per unit, and the price of shelter (S, x-axis) is $100. Which of the following represents his marginal rate of transformation of food for shelter?
A) -5 B) -50 C) -.02 D) None of the above.
An increase in real interest rates will increase saving and decrease aggregate demand, other things equal
a. True b. False Indicate whether the statement is true or false
Which of the following contributed to the financial crisis of 2008?
a. the housing price boom (2002-2005), followed by a housing price bust (2007-2008) b. a sharp reduction in stock prices in 2008 c. a sharp increase in the price of crude oil from January 2007 to mid-year 2008 d. all of the above