What has been one of the results of globalization experienced by Eastern European nations after the fall of their socialist regimes?
a. All traces of their traditional culture have disappeared.
b. These countries have attracted foreign investment from industrialized countries, which have transferred cleaner technologies and thus, improved environmental quality.
c. These countries have not yet adapted to capitalism, and a majority support a new movement to return to communism.
d. Most national forests have been destroyed by multinational companies.
e. Many new diseases have been introduced because of increased contact with the West.
b
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In the circular flow model, there are two types of markets: the ________ market and the ________ market
A) goods; factor B) supply; demand C) households; firms D) producers; consumers E) service; goods
In a liquidity trap, the
A) IS curve is vertical. B) IS curve is horizontal. C) LM curve is vertical. D) LM curve is horizontal.
The price of milk increases dramatically, causing a 0.5 percent increase in the CPI. The price increase will most likely cause the GDP deflator to increase by
a. more than 0.5 percent. b. less than 0.5 percent. c. 0.5 percent. d. None of the above is correct; this particular price increase will not affect the GDP deflator.
The quantity of money people are willing and able to hold at alternative interest rates, ceteris paribus, is known as the
A. Supply of money. B. Demand for money. C. Equilibrium of money. D. None of the choices are correct.