Which of the following correctly ranks the three countries, from highest to lowest, for percentage of college-age children in school?
a. United Kingdom, Mali, Mexico.
b. Mexico, Mali, United Kingdom.
c. United Kingdom, Mexico, Mali.
d. Mali, Mexico, United Kingdom.
c
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In the figure above, the shift in the supply curve for U.S. dollars from S0 to S1 could occur when
A) the U.S. interest rate rises. B) foreign interest rates rise. C) the expected future exchange rate falls. D) the current exchange rate rises.
If service stations raise the price of gasoline and experience a decrease in demand for automobile tires, then gasoline and tires are:
a. Substitute goods b. Inferior goods c. Complementary goods d. Economic goods
At the current steady state capital-labor ratio, assume that the steady state level of per capita consumption, (C/N)*, is greater than the golden rule level of steady state per capita consumption. Given this information, we can be certain that
A) a reduction in the saving rate will cause a decrease in the steady state level of per capita consumption ((C/N)). B) an increase in the capital-labor ratio will cause an increase in (C/N). C) the capital labor ratio will tend to decrease over time. D) the capital labor ratio will tend to increase over time. E) a reduction in the saving rate will have an ambiguous effect on (C/N).
As the interest rate rises, the present value of a given perpetual stream of income
A) increases. B) decreases. C) does not change. D) approaches infinity.