In developing countries, exchange rates tend to be
A) floating with some government intervention.
B) pegged.
C) hard to tell from the data.
D) run by currency boards.
E) flexible.
B
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The figure above shows the money market. At which interest rate are people selling bonds and thereby changing the interest rate?
A) 4 percent B) 5 percent C) 6 percent D) 6 percent and 4 percent E) 6 percent, 5 percent, and 4 percent
In the Keynesian model, exogenous variables include
a. planned investment. b. taxes. c. planned inventories and government spending. d. planned investment and government spending. e. all of the above
Average hours worked per week have ____ since the early 1900s.
A. declined by almost 7 percent B. risen by almost 15 percent C. risen by almost 7 percent D. declined by almost 35 percent
The figure below shows the U.S. market for imported wine. For simplicity, we consider export supply curves to be flat. Chilean wine is available for $480 per barrel and French wine is available for $420 per barrel.
Suppose the United States has a tariff of $80 per barrel on imported wine. Then, the United States joins a free-trade area with Chile. What will be the change in the net national surplus after the United States enters into a free-trade agreement with Chile?
A. -$970 million B. -$50 million C. +$50 million D. +$250 million