An increase in which of the following leads to a decline in the monetary base?
A) float
B) discount loans
C) foreign deposits at the Fed
D) SDRs
C
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Mutually beneficial trade is possible when the terms of trade are
A. between the seller's and buyer's opportunity cost. B. above the seller's opportunity cost and above the buyer's opportunity cost. C. between the seller's and buyer's general behavior. D. below the seller's opportunity cost and above the buyer's opportunity cost.
Urbanization is measured by:
A) the ratio of the population living in urban areas to the ratio of the people living in rural areas in a country. B) the fraction of the population living in towns with a population of more than 5,000. C) the fraction of the population living in towns with a population of more than 1,000. D) the ratio of the population living in rural areas to the ratio of the people living in urban areas in a country.
Calculate t-statistics for each variable and explain what this tells you
What will be an ideal response?
Answer the following statement(s) true (T) or false (F)
1. Economist rarely have opinions or make value judgments. 2. Many controversies in economics revolve around policy considerations that contain both positive analysis and normative analysis. 3. Positive analysis can tell us whether a policy should be implemented. 4. Disagreements happen much more often in economics than in other fields.