In the late 1980s the U.S. government ran a succession of large budget ________ which resulted mainly in ________ crowding-out
A) deficits, domestic
B) deficits, international
C) surpluses, domestic
D) surpluses, international
B
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The field of macroeconomics studies ______ and microeconomics studies ______.
A. economic aggregates; individual markets B. individual markets; economic aggregates C. international variables; variables within a single economy D. variables within a single economy; international variables
Suppose that the exchange rate between Mexican pesos and dollars is 8 pesos per dollar. If the exchange rate goes to 6 pesos per dollar, it would tend to: a. increase U.S. exports to Mexico
b. decrease U.S. exports to Mexico. c. increase Mexican exports to the rest of the world. d. decrease Mexican exports to the rest of the world.
What is the right statement on Hecksher-Ohlin Theorem?
a. Hecksher-Ohlin theory can be extended multi-countries, multi-sectors, multi-factors. b. Hecksher-Ohlin theory can only be extended into multi-factors case. c. Hecksher-Ohlin theory can only be extended into multi-goods case. d. Hecksher-Ohlin theory can not be extended beyond two-country, two-sector, two-factor model e. Hecksher-Ohlin theory can only be extended into multi-countries case.
Suppose a bank has $8 million in deposits and a reserve ratio of 20 percent. Its required reserves are
A) $40,000. B) $400,000. C) $1,600,000. D) $16,000,000.