Since 1973 "dirty floats" have been required because
A) PPP has not held.
B) high inflation countries have stronger currencies than countries with low inflation.
C) countries are not cooperating as much as original theorists predicted.
D) in the short run, monetary and fiscal policy only affects the autonomous home economy.
E) countries with a floating exchange rate have laissez-faire economies.
A
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The government redistributes income to the poor, primarily through
A. regressive taxes and disability payments. B. transfer payments and progressive taxes. C. government purchases. D. higher wages.
What is the per capita income of Genovia if its gross domestic product is $4,000,000 and total population is 20,000?
A) $120 B) $200 C) $400 D) $100
If the marginal rate of technical substitution for a cost minimizing firm is 10, and the wage rate for labor is $5, what is the rental rate for capital in dollars?
A) .5 B) 1 C) 2 D) 10
Stretchy Socks, Inc, is expected to earn $2,000,000 in after-tax profits each year forever. The interest rate is 0.1 . What is the total value of all shares of stock in Stretchy Socks?
a. $1,818,182 b. $2,000,000 c. $16,528,926 d. $18,181,818 e. $20,000,000