Among the impediments to the international mobility of capital are
a. restrictions on foreign ownership.
b. fear of nationalization or political instability.
c. fluctuations in exchange rates.
d. All of the above are correct.
d
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A new discovery of large volumes of previously unknown deposits of natural gas in Pennsylvania would
A) shift only the short-run aggregate supply curve to the right. B) shift only the long-run aggregate supply curve to the right. C) not affect either the short-run or long-run aggregate supply curves. D) shift the short-run and long-run aggregate supply curves to the right.
If the money multiplier is 3.5, a $10 billion increase in the monetary base
A) increases the quantity of money by $35 billion. B) increases the quantity of money by $2.86 billion. C) increases the quantity of money by $3.5 billion. D) increases the quantity of money by $10 billion.
Necessities, such as food and shelter, are product purchases that consumers are sensitive to, so the demand is elastic for these goods.
Answer the following statement true (T) or false (F)
Forest lives in complete isolation in Montana. He is self-sufficient and feeds himself through hunting, fishing, and farming. Which of the following statements about Forest is true?
A. Forest has to make trade-offs. B. Forest has unlimited resources. C. Forest doesn't have to consider costs and benefits. D. Forest is not required to make trade-offs because he is self-sufficient.