Physical objects are rival in the sense that ________
A) they are necessarily in opposition to one another
B) they are nontrivial
C) when they are used in one activity, they cannot be used in another
D) some countries possess natural resources, e.g. oil, while some do not
C
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An increased supply of U.S. dollars on the foreign exchange market, all else equal, will result in an appreciation of the U.S. dollar
Indicate whether the statement is true or false
More recent studies of new Keynesian inflation dynamics indicated that the average price-adjustment intervals in the United States are
A) are one year or less. B) two years or less. C) four years or less. D) more than four years.
The consumer price index (CPI) is a measure of inflation for
A. an elderly couple recently retired to Yuma, Arizona. B. farmers. C. a typical consumer of the market basket used to calculate the index. D. Apple Computer.
In the late 1990s, Thailand, Malaysia, and Indonesia all experienced sharp declines in the value of their currencies; this resulted in economic instability and crisis. The collapse in the values of their currencies undermined their development by:
A. decreasing political instability. B. decreasing population growth. C. increasing corruption. D. reducing investment.