The domestic currency will ________ with a(n) ________ in the foreign interest rate
A) depreciate; increase
B) appreciate; increase
C) depreciate; decrease
D) appreciate; decrease
A
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Both Mergatroid and the Geebocks produce only gizmos and widgets. It is possible for Mergatroid to have
A) an absolute and a comparative advantage in both products. B) an absolute but not a comparative advantage in both products. C) a comparative but not an absolute advantage in both products. D) neither a comparative nor an absolute advantage in both products.
An investor in an index fund earning 12.3 percent per year would see an investment of $10,000 increase to approximately ____ in 25 years.
A. $11,000 B. $48,000 C. $54,000 D. $170,000
In common value auctions
a. Every bidder know the value of the object being sold b. Each bidder makes the same estimate of the value of the good c. All bidders know the estimates of the others d. The true value of the item is unknown to bidders
A classless society and economic system where all the factors of production are owned by workers and people share production according to their needs describes:
a. capitalism. b. communism. c. the invisible hand. d. a mixed economy.