How would we expect the economic growth rates in future years of country A and country B to compare?
A. Country A will have a higher growth rate.
B. Country B will have a higher growth rate.
C. Both countries will grow at about the same rate.
D. There is not enough information to determine the relative growth rates of countries A and B.
A. Country A will have a higher growth rate.
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The following table provides nominal exchange rates for the U.S. dollar.CountryForeign currency/dollarDollar/foreign currencyPoland (zloty)4.3670.229South Africa (rand)6.9440.144 Based on these data, the nominal exchange rate equals approximately ________ zloty per South African rand or, equivalently, ________ rand per Polish zloty.
A. 0.021; 47.640 B. 0.629; 1.590 C. 47.640; 0.021 D. 1.590; 0.629
The firm's shutdown point occurs at an output of
A. 40.
B. 45.
C. 50.
D. 55.
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Which of the following is NOT true according to Say's law?
A. No overproduction is possible in a market economy in the long run. B. Desired expenditures will always be higher than actual expenditures. C. Supply creates its own demand. D. Producing goods and services generates the means and the willingness to purchase other goods and services.
You sign a contract to pay $1000 next year for the refrigerator you bought today. The rate of inflation is 10% and the real interest rate is 7%. Alternatively, you could pay $875 today. What should you do to save the most money?
What will be an ideal response?