In the real world, the K/Y ratio
A) is much higher in rich countries than in poor countries.
B) is much lower in rich countries than in poor countries.
C) is roughly equal across rich and poor countries.
D) cannot be properly compared except between countries of similar income levels.
C
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A put option gives the owner the
A) right to sell the underlying security. B) obligation to sell the underlying security. C) right to buy the underlying security. D) obligation to buy the underlying security.
In terms of gains from trade, why is it true that taxes cause deadweight losses?
In the ________ increases in the supply of money will ________.
A. short run; raise total demand and output B. long run; raise total demand and output C. long run; lead to lower prices D. short run; decrease total demand and output
How can long run values in the real exchange rate change?
What will be an ideal response?