In the 1960s and 1970s there was a large-scale
A. influx of middle- and working-class blacks into the ghettos.
B. outflow of middle- and working-class blacks from the ghettos.
C. movement of middle- and working-class blacks within the ghettos to better housing, but no large-scale movement into or out of the ghetto.
B. outflow of middle- and working-class blacks from the ghettos.
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If Brazil can produce 5 shirts or 4 pounds of beef in a day, and Uruguay can produce 10 shirts or 2 pounds of beef in a day, then Brazil has a comparative advantage in the production of beef
a. True b. False Indicate whether the statement is true or false
A rise in the expected future exchange rate will tend to cause, other things the same ________
A) a depreciation of the domestic currency B) no effect on the value of the U.S. dollar in the short-run C) an appreciation of the domestic currency D) no effect on the value of the U.S. dollar
The GDP deflator represents a somewhat ____ measure of prices that the CPI and the GDP deflator tends to be ____ volatile than the CPI
a. broader; more b. broader; less c. narrower; more d. narrower; less
Over time, an increase in a nation's stock of physical capital will
a. shift the production possibilities curve inward. b. cause an economy to operate inside its production possibilities curve. c. shift the production possibilities curve outward. d. eliminate the basic economic problem of scarcity.