Which of the following is true?
a. The Rule of 70 says that the number of years necessary for a nation to double its output is approximately equal to the nation's growth rate divided by 70.
b. Economic growth is usually measured by the annual percent change in the nominal output of goods and services per capita.
c. An increase in labor input necessarily increases output per capita
d. Neither the initial development process nor the sustained growth of an economy is dependent on a large natural resource base.
d
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Which of the following has NOT resulted from more active liability management on the part of banks?
A) increased bank holdings of cash items B) aggressive targeting of goals for asset growth by banks C) increased use of negotiable CDs to raise funds D) an increased proportion of bank assets held in loans
Statistical discrimination
a. arises from employer prejudice b. arises from consumer prejudice c. does not involve prejudice by employers or consumers d. is illegal in the United States e. tends to reduce the profits of profit-maximizing firms
Suppose the demand for peanuts increases. What will happen to producer surplus in the market for peanuts?
a. It increases. b. It decreases. c. It remains unchanged. d. It may increase, decrease, or remain unchanged.
Since the late 1990s, to prevent the yuan from appreciating against the U.S. dollar, the Chinese central bank
A. has purchased Chinese government bonds. B. has been trying to hold euros and British pounds as foreign assets. C. has been buying dollars and selling yuan in the foreign exchange market. D. has been selling foreign assets to replenish its dollar reserves.