To track the public debt over time and compare it to the productive capacity of the economy, it is best:
A. to compare it to imports, exports, and the trade deficit.
B. examined relative to budget surpluses.
C. calculated relative to the money supply.
D. measured relative to the gross domestic product.
Answer: D
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An increase in U.S. federal government budget deficits that raises U.S. interest rates relative to the rest of the world should
A) raise the trade balance. B) decrease foreign portfolio investment. C) cause the dollar to depreciate. D) increase net exports. E) lead to a current account deficit.
The Fed's goal of interest rate stability
A) was formally abandoned in 1998. B) is motivated by political pressure as well as by a desire for a stable saving and investment environment. C) is undermined by actions the Fed takes to further its goal of stability in financial markets and institutions. D) is undermined by actions the Fed takes to further its goal of price stability.
Best Grapes is a new winery that wants to attract new customers. The managers of Best Grapes advertise the following, "Best Grapes: The Best Value Wine Money Can Buy." If Best Grapes wine is really of poor value, this is an example of ________ a(n) ________ good.
A) greenwashing; credence B) falsely advertising; credence C) falsely advertising; experience D) greenwashing; experience
According to the text, most real world market structures are mainly
a. monopoly and perfect competition b. monopoly and oligopoly c. perfect competition and oligopoly d. oligopoly and monopolistic competition e. perfect competition and monopolistic competition