Milton Friedman published his famous book The General Theory of Employment, Interest, and Money in 1778
a. True
b. False
Indicate whether the statement is true or false
False
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Bobby is offered a job as a salesperson in which there is a 50 percent chance that he will make $2,000 and a 50 percent chance that he will make $10,000. Bobby's utility of wealth curve is shown in the figure above
What is Bobby's expected income from taking this job? A) $4,000 B) $6,000 C) $2,000 D) $10,000
The infant industry argument was an important theoretical basis for
A) neo-colonialist theory of international exploitation. B) import-substituting industrialization. C) historiography of the industrial revolution in Western Europe. D) the East-Asian miracle. E) the reduction of tariffs on Western Europe.
In his tests, Leontief used an input-output table to
A) calculate the capital and labor required to produce $1 million of U.S. exports and imports. B) calculate the labor productivity of American workers relative to foreign workers. C) calculate the capital productivity of American capital relative to foreign capital. D) All of the above.
An individual in the US wants to buy a car from England which costs 12,000 pounds. If the exchange rate is 1 pound = $1.75, how much would the car cost him in dollars?
a. $21,000 b. $6,800 c. $12,000 d. Need more information