Which one of these countries has not adopted the euro?
A. Germany
B. France
C. Italy
D. England
D. England
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A widget costs $1000 in the US and CAD$1200 in Canada. The current exchange rate is 1USD=1.09CAD. Given purchasing power parity, the Canadian dollar would_______to equilibrate prices
a. Appreciate b. Depreciate c. Not change d. None of the above
If the price of jelly (a complement with peanut butter) decreases, both the demand and supply curves of peanut butter will shift rightward
a. True b. False
According to Modigliani's life-cycle hypothesis, the
a. MPC for young adults is relatively low b. middle-aged experience their highest and most rapidly growing MPCs c. MPC falls during middle-age d. MPC falls during old age e. MPC is constant throughout a lifetime
Compound interest means that:
A. you get an interest deduction if you take out a loan for longer than one year. B. you get interest on interest. C. interest rates will rise on larger loans. D. you get an interest deduction for paying your loan off early.