What is one of the biggest benefits of trade that is hard to measure?
a. the transfer of goods from rich countries to poor countries
b. the transfer of knowledge from poor countries to rich countries
c. the transfer of knowledge from rich countries to poor countries
d. the transfer of goods from poor countries to rich countries
c. the transfer of knowledge from rich countries to poor countries
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Monetary management in the United States today is under the direction of the
A) Council of Economic Advisers. B) Federal Trade Commission. C) Joint Economic Committee of the Congress. D) Open Market Committee of the Federal Reserve. E) United States Chamber of Commerce.
In the liquidity preference framework, a one-time increase in the money supply results in a price level effect. The maximum impact of the price level effect on interest rates occurs
A) at the moment the price level hits its peak (stops rising) because both the price level and expected inflation effects are at work. B) immediately after the price level begins to rise, because both the price level and expected inflation effects are at work. C) at the moment the expected inflation rate hits its peak. D) at the moment the inflation rate hits it peak.
When comparing the distribution of wealth to the distribution of income, it can be noted that
A. the measurement of wealth is much less accurate than the measurement of income. B. the distributions are about the same. C. the measurement of income is much less accurate than the measurement of wealth. D. wealth does not generate income.
If a developing economy ________ the amount of money its citizens can invest abroad, it has ________ chance of increasing capital formation by forcing its citizens to invest in their own country.
A. restricts; a lesser B. restricts; no C. increases; a greater D. restricts; a greater