Measured in 1990 dollars, the GDP per person of the world was $667 in 1820 . By 2003, the world's income per person had risen to
a. nearly $1200, almost twice the level of 1820.
b. $2,422, almost four times the level of 1820.
c. a little more than $3,600, approximately six times the level of 1820.
d. $6,516, nearly ten times the level of 1820.
D
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The cross-price elasticity of demand between telephones and ramen noodles is most likely:
A. positive. B. negative. C. zero. D. greater than one.
Suppose that the one-year Treasury bill rate in the United States is 6%, the one-year government bond rate in Canada is 4%, and investors expect the U.S. dollar to depreciate against the Canadian dollar by 4% over the coming year
Is the nominal interest rate parity condition violated?
According to Hughes and Cain (2011), taxation can be a form of forcible seizure of property, under certain circumstances
Indicate whether the statement is true or false
The opportunity cost of capital is:
a. the cost of labor inputs required to operate that capital. b. the cost of raw materials necessary to put that capital to work. c. the payment necessary to keep that capital from moving to an alternative use. d. the costs of maintenance necessary to keep that capital operating. e. the cost of hiring more units of capital to generate additional units of output.