One reason for the extraordinary growth of foreign financial markets is
A) decreased trade.
B) increases in the pool of savings in foreign countries.
C) the recent introduction of the foreign bond.
D) slower technological innovation in foreign markets.
B
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Profits can be thought of as
a. the return to enterprise. b. the reward for taking a risk and winning. c. what is left over after all wages, rent, and interest have been paid. d. All of these.
All of the following present significant problems with measuring real GDP and the price level except
A) changes in absolute price levels. B) changes in relative price levels. C) changes in the quality of goods over time. D) the introduction of new goods.
Refer to Scenario 17.2. The lowest level of y* that can be set and still have only the high-productivity people meet it is
A) 90. B) 60. C) 30. D) 22.5. E) 15.
The following statements are true in the current exchange-rate system, except:
A. Major currencies like U.S. dollar, euro, pounds, and yen operate mostly in a flexible system responding to supply and demand forces B. Some developing nations peg their currencies to the dollar and allow their currencies to fluctuate with it relative to other currencies C. Each country uses its own unique currency; for example, only the U.S. uses the U.S. dollar as its currency D. Some nations peg their currencies to a "basket" or group of other currencies, rather than to a single other currency