The primary motivation for economic immigration is:
A. the prospect of paying lower prices for goods and services.
B. to flee political oppression.
C. the opportunity to increase earnings and standard of living.
D. to reunite with family members.
Answer: C
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If the potential money multiplier is 5, a $1 initial increase in demand deposits must lead to a $5 increase in demand deposits
Indicate whether the statement is true or false
If the world price of a good is greater than the domestic price in a country that can engage in international trade, then that country becomes an importer of that good
a. True b. False Indicate whether the statement is true or false
What is the main problem with mild inflation, according to some economists?
A. It increases frictional and structural unemployment in the economy. B. It reduces the size of the GDP gap. C. It diverts productive time towards activities to hedge against inflation. D. It leads to unanticipated deflation.
Which of the following formulas would show price elasticity of supply?
a. 20% + +5% = +25 b. 20% – +5% = +15 c. 20% × +5% = +100 d. +20% ¸ +5% = +4