Which of the following is an important factor that helps in generating economic profit in an industry?
A. Threats of complements
B. The means of production
C. Type of product manufactured in an industry
D. Degree of rivalry within an industry
Answer: D
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If the Fed buys government securities, other things the same, the exchange rate ________ and U.S. exports ________
A) falls; decrease B) rises; increase C) falls; increase D) rises; decrease E) falls; do not change because they are autonomous expenditure
All of the following are reasons countries may be unable to use discriminatory trade practices to enforce labor standards EXCEPT
A) in order to be effective a coalition of countries must join together to impose them. B) countries can never impose trade barriers on other sovereign nations. C) the WTO requires nations to treat other nations the same. D) a single country may be unsuccessful in convincing members of its trading block to participate in imposing the sanctions. E) retaliation or a full blown trade war might result.
An increase in productivity will:
a. Increase aggregate demand b. Increase aggregate supply c. Decrease aggregate supply and aggregate demand d. Increase aggregate supply and aggregate demand
Suppose the Northwestern Bank has excess reserves of $12,000 and checkable deposits of $125,000. If the reserve requirement is 20 percent, what are the bank's actual reserves?
A. $25,000 B. $37,000 C. $44,000 D. $47,000