If Mexico imports more than it exports to Canada, this contributes to
a. a favorable balance of trade for Mexico
b. an unfavorable balance of trade for Canada
c. Canadians having to borrow pesos from the foreign exchange market
d. Mexicans buying assets in Canada
e. a favorable balance of trade for Canada
E
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Describe intellectual property rights. What agreements have been reached regarding their protection? What are the benefits and the costs of protecting intellectual property rights?
What will be an ideal response?
If A and B are two disjoint sets, and "Pr" represents the probability, then Pr[A and B] will be:
a. negative. b. infinity. c. unity. d. zero.
World economic growth, as measured by increases in real GDP per-capita, was essentially zero during the period
A. 1946-1980. B. 1865-1929. C. 1750-1860. D. 1300-1750.
If the Fed were to reduce the legal reserve ratio, we would expect:
A. lower interest rates, an expanded GDP, and a higher rate of inflation. B. lower interest rates, an expanded GDP, and a lower rate of inflation. C. higher interest rates, a contracted GDP, and a higher rate of inflation. D. higher interest rates, a contracted GDP, and a lower rate of inflation.