Which of the following is a determinant of market supply?
A. Consumers' income.
B. Consumer expectations.
C. Available technology.
D. Consumers' desire for the good.
Answer: C
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Human capital is acquired
A) only in school. B) only through on-the-job training. C) only through job experience. D) through schooling, job training, and experience. E) only at birth, that is, it's people's inborn talents.
Currency reserves on account with the International Monetary Fund used to settle accounts between countries are known as
A) federal reserves. B) official reserve account transactions. C) unilateral transfer. D) special drawing rights.
A rightward shift of the Canadian demand curve for foreign exchange will
a. decrease the price of foreign exchange in Canada b. decrease the value of the Canadian dollar c. increase the value of the Canadian dollar d. make foreign goods less expensive in terms of Canadian dollars e. make Canadian goods more expensive in terms of foreign exchange
If nominal GDP is $10 trillion and real GDP is $8 trillion, then the GDP deflator is
a. 80, and this indicates that the price level has decreased by 20 percent since the base year. b. 80, and this indicates that the price level has increased by 80 percent since the base year. c. 125, and this indicates that the price level has increased by 25 percent since the base year. d. 125, and this indicates that the price level has increased by 125 percent since the base year.