In a closed economy,

Average consumption in an economy is best measured by ________, while average productivity in an economy is best measured by ________.

A. output per worker; output per person B. output per worker; total output C. total output; output per worker D. output per person; output per worker

Refer to the above figure. Which arrows represent items that are not measured in dollar terms?

A) Arrows A and B B) Arrows C and D C) Arrows A and D D) Arrows B and C

If the Fed decides to control the euro/dollar exchange rate:

A. they will have to control the domestic rate of inflation or it won't work. B. they will also have to control the domestic interest rate. C. they will have to control the amount of banking system reserves. D. the market will determine the interest rate.

Bilateral investment treaties are uncommon

Indicate whether the statement is true or false