The demand for silver decreases, other things equal, when
A) the gold market is expected to boom.
B) the market for silver becomes more liquid.
C) wealth grows rapidly.
D) interest rates are expected to rise.
A
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If the current account balance is -$100 billion, the capital and financial account balance is $80 billion, then the official settlements account balance is
A) $20 billion. B) $180 billion. C) -$20 billion. D) -$180 billion. E) 0.
Which of the following is a method used by government to cope with the situation in which production of a good creates an external benefit?
A) removing property rights B) subsidizing production C) marketable permits D) running a lottery E) imposing Coasian taxes
What is the rationale behind empiricism in economic analysis?
What will be an ideal response?
All of the following could be used to support the argument that the natural rate of unemployment has fallen in the last ten years except
A. the proportion of young people in the labor force is shrinking. B. because the adult population in prison has doubled since 1985, many people who would normally be counted as unemployed are behind bars. C. workers are more insecure because of numerous plant closings and corporate downsizing, and as a result are less likely to quit their jobs to look for work elsewhere. D. unemployment insurance has become more generous in the last ten years.