An example of a U.S. export would be:
A. a French bottle of wine consumed by an American.
B. an Apple computer purchased by a U.S. college student who plans to study abroad in France.
C. a bushel of apples that Canadians pick and enjoy on a lovely fall day in Vermont.
D. an Apple computer, made in the U.S., purchased by a French student.
D. an Apple computer, made in the U.S., purchased by a French student.
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The credibility theory of EMS had as an effect
A) the inflation rates of member countries converging to the low German levels, a result that was not matched by similar countries who did not fix their exchange rates. B) the inflation rates of member countries failing to converge to the low German levels. C) the inflation rates of member countries converging to the low German levels, but other countries including U.S. and Britain also reduced inflation in this time period without fixing exchange rates. D) the inflation rate in Germany rose to match the inflation rates of other member countries. E) the inflation rate in the U.S. dropped to the low German levels.
It may be that unions increase worker productivity by
a. minimizing conflicts, resolving differences, and reducing job turnover b. using seniority rules to keep the most experienced workers employed c. increasing job turnover so that the least experienced workers quit d. allowing workers to goof off, which improves morale e. increasing the number of workers required to perform each task
Central planners in command economies
A. generally set production targets for firms. B. always consult consumers on the output of goods they want to consume. C. allow prices to organize the economy’s production. D. depend upon the invisible hand to coordinate economic activities.
Suppose price increases from $7.00 to $13.00. Using the mid-point formula, the percentage change in price is:
A. 0.6 = 60 percent. B. 70 percent. C. 130 percent. D. -.0.6 = -60 percent.