About what percent of the world's poorest people are female?
a. 30
b. 50
c. 70
d. 90
Answer: c. 70
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When the Fed eases U.S. monetary policy, domestic interest rates ________, making U.S. assets relatively less attractive to foreign investors, and ________ the equilibrium exchange rate.
A. rise; increasing B. fall; decreasing C. fall; increasing D. rise; decreasing
The wage rate that a monopsonist would find most profitable is the wage
A. On the labor supply curve corresponding to the level of employment at which the marginal factor cost curve (for labor) intersects the labor demand curve. B. On the labor demand curve at the wage where the marginal factor cost curve intersects the demand curve for labor. C. At the intersection of the marginal wage curve and the marginal cost curve. D. On the labor demand curve corresponding to the level of employment at which the marginal factor cost equals market supply.
If income in the United States rises relative to income in Japan, the yen should appreciate against the dollar, ceteris paribus.
Answer the following statement true (T) or false (F)
Which of the following would result if Greece decided to order all Greek banks to convert euro-denominated accounts to drachma-denominated accounts?
A. A deflation would occur in the economy of Greece. B. Domestic consumers in Greece would prefer imported goods. C. The purchasing power of drachma would decline. D. The value of euros would decline relative to the value of drachmas.