The country with the highest degree of central bank independence in the period 1973-88 was ________
A) the United States
B) New Zealand
C) Spain
D) Germany
D
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Real income is equal to ________ and a relative price is given by ________
A) the dollar amount of income divided by the dollar price of a good; the dollar price of one good divided by the dollar price of the good whose relative price is being calculated B) the dollar price of one good divided by the dollar price of the good whose relative price is being calculated; the dollar amount of income divided by the dollar price of a good C) The dollar price of one good divided by the dollar price of another good; the dollar price of one good divided by the dollar price of the good whose relative price is being calculated D) the dollar amount of income; real income divided by the dollar amount of income
A tax on cigarettes can be expected to reduce teen smoking more than it reduces adult smoking.
Answer the following statement true (T) or false (F)
Attractive industries have all the following, except
a. High supplier power b. Low buyer power c. High entry barriers d. Low rivalry
A longrun model of trade basic to the determination of how mobile factors of production affect national welfare and the returns to the factors is known as:
a. the specificfactors model. b. the Riparian model. c. the Chicago model of trade. d. the HeckscherOhlin model.