The principal reason why Thailand, Indonesia, and South Korea feared the effects of appreciation of the U.S. dollar in 1995-1997 was that
a. it would increase exports from these countries and worsen Japanese.
b. it would increase exports from these countries and worsen unemployment.
c. it would decrease exports from these countries since their currencies were tied to the dollar.
d. it would decrease imports to these countries since their currencies were tied to the dollar.
c
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Economists tend to judge a model based upon
A) the reality of its assumptions. B) the accuracy of its predictions. C) its simplicity. D) its complexity.
Setting specific goals for reducing sulfur dioxide (SO2) and nitrogen oxides (NOX) to combat acid rain was the objective of the international agreement
a. between the United States and Canada b. between the United States and Mexico c. among all nations in the European Union d. among the United States, Canada, and Mexico
A measure of the average price of a given class of goods or services relative to the price of the same goods and services in a base year is called a:
A. real quantity. B. real price. C. rate of inflation. D. price index.
A simple way of describing the social cost of monopoly is to say that it
A) produces too much. B) makes too much money. C) has too much political power. D) restricts output and charges a higher price than a perfectly competitive firm.