Which of the following equations is correct?
a. S = I + C
b. S = I - NX
c. S = I + NCO
d. S = NX - NCO.
c
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If the Federal Reserve wanted to change the money supply in the economy, it would be least likely to
A) change the federal funds rate. B) sell bonds on the open market. C) change the level of reserves required to be held by banks. D) buy bonds on the open market.
Melissa offers you $1,000 today or $1,500 in 5 years. You would prefer to take the $1,500 in 5 years if the interest rate is
a. 8 percent. b. 9 percent. c. 10 percent. d. All of the above are correct.
Refer to Table 3.1 to answer the following questionTable 3.1 Individual Demand and Supply SchedulesQuantity Demanded byPriceAlejandroBenCarlMarket$8.00842________6.001244________4.002046________2.002246________Quantity Supplied byPriceAveryBrandonCassandra $8.006046________$6.004244________$4.002442________$2.00640________In Table 3.1, if the price is $2, the market will
A. Experience a surplus of 30 units. B. Experience a surplus of 56 units. C. Experience a shortage of 22 units. D. Be in equilibrium.
All other things being equal, globalization
A. benefits people whose skills are relatively scarce on world markets, and hurts those whose skills are relatively common. B. benefits countries that have wealthy, highly educated workforces, and hurts countries that have poor, badly educated workforces. C. benefits countries that have relatively low wages, and harms countries that have relatively high wages. D. benefits manufacturing firms and hurts service firms.