When the nominal exchange rate changes from 10 pesos per dollar to 8 pesos per dollar, the dollar has:
A. depreciated.
B. appreciated.
C. become overvalued.
D. become undervalued.
Answer: A
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In year 2000 dollars, per pupil expenditures on education in the United States in 1940 was around _____
a. $500 b. $1000 c. $2000 d. $4000
The more bowed (skewed) the Lorenz curve
A) the more equal the distribution of income. B) the greater the number of households in the society. C) the more unequal the distribution of money income. D) the greater the total income of the society.
Bans or quotas that limit the use of common resources are straightforward public-policy approaches to solving the problem of overuse if:
A. the community agrees to aid in its enforcement. B. the community affected participates in setting the punishments for breaking the policy. C. countries have the resources to enforce them. D. None of these statements is true.
The "other" category of federal spending consists of many less expensive functions of government, including all of the following except
a. housing credit programs. b. farm support programs. c. funding for the National Institutes of Health. d. the federal court system.