If capital inflows decrease due to higher interest rates in other countries and large amounts of import spending, there will be:
A) upward pressure on a country's exchange rate.
B) downward pressure on a country's exchange rate.
C) no pressure on a country's exchange rate.
D) none of the above.
B
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Other things remaining the same, the greater the expected profit
A) the less the amount of investment. B) the greater the amount of investment. C) the steeper is the investment demand curve. D) the flatter is the investment demand curve.
Economic discrimination takes place when an employer
A) pays workers the lowest wage possible. B) pays workers compensating wage differentials. C) pays lower wages to workers who are not as productive as other workers. D) pays workers different wages on the basis of some arbitrary characteristics of workers that are irrelevant to the job performed.
In the formula for calculating the growth rate of multifactor productivity, the growth rate of labor productivity is represented by
A) y - n. B) b(k - n). C) bk/n. D) b - n.
A major critic of Americans very high consumer spending has been
A. John Maynard Keynes. B. Karl Marx. C. Milton Friedman. D. Murray Weidenbaum.