What are the three main lessons on crisis learned from early developing countries in Latin America?
A) choosing the right exchange rate regime, the importance of contagion and the importance of the banking system
B) choosing the right real rate, the importance of following exchange rates, and keeping prices high to make the most profit
C) pegging exchange rates with Euros, keeping labor cost and wages low
D) maintaining money supply, avoiding tariffs, and increasing output
E) maintaining money supply, avoiding inflation, and increasing production
A
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For all employee earnings subject to Social Security taxes, what is the current Social Security tax rate for employers?
A) 0.8% B) 2.9% C) 4.2% D) 6.2%
An increase in interest rates results in a(n) ________ in the required rate of return to hold stocks and ________ current stock prices.
A. decrease; raises B. decrease; reduces C. increase; reduces D. increase; raises
A consequence of the economic problem of scarcity is that
A. The production of goods and services must be controlled by the government. B. Choices have to be made about how resources are used. C. The production possibilities curve is bowed outward. D. There is never too much of any good or service produced.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The best point for society would be
A. either Point B or Point C, as the total amount being produced at either of these points is approximately the same. B. at any of the labeled points, as all of the points represent an efficient allocation of resources. C. Point C, as at this point there are approximately equal amounts of LCD and OLED televisions being produced. D. indeterminate from this information, as we don't have any information about the society's desires.