An increase in a country's saving rate will tend to cause which of the following in the long run?
A) a reduction in per capita real GDP
B) an increase in economic growth
C) an increase in the unemployment rate
D) an increase in the rate of inflation
B
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Use the following graph to answer the next question.
This perfectly competitive firm will not produce unless price is at least
A. $7. B. $5. C. $2. D. $10.
If Coke and Pepsi are close substitutes, then if:
a. Coke raises its price, so will Pepsi. b. Coke raises its price, it will not lose customers to Pepsi. c. Pepsi lowers its price, it will not hurt Coke. d. Pepsi lowers its price, so will Coke. e. Coke raises its price, some customers will switch to Pepsi.
Which of the following is not an example of intra-industry trade?
a) England exports beef to Ireland, and imports Irish potatoes b) the Dutch export elm trees and import lumber products c) Canadians touring the US side of Niagara Falls stay in US motels while Americans touring the Canadian side stay in Canadian hotels d) Russia exports oil and imports capital equipment e) Norwegians deposit funds in Swiss banks while the Swiss buy insurance from Norway
Which of the following is less sensitive to interest rate changes?
A. Utility industries. B. State and local finances. C. The residential housing market. D. Food and other household items.