An event that allows the economy to operate more efficiently by producing more outputs without using any more inputs is referred to as:
A. absolute progress.
B. efficiency progress.
C. capital investment.
D. technological progress.
Answer: D
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For a major country with extensive capital flows, what is the effect of an increase in interest rates?
A. A currency depreciation and increased net exports B. A currency depreciation and reduced net exports C. A currency appreciation and increased net exports D. A currency appreciation and reduced net exports
Which of the following statements is correct?
a. Slope is the ratio of the vertical change (the rise or fall) to the horizontal change (the run). b. A direct relationship is one in which two variables change in the same direction. c. An inverse relationship is one in which two variables change in opposite directions. d. An independent relationship is one in which two variables are unrelated. e. All of these.
How will the following affect the reliability of a consumer price index if the consumer price index's base year hasn't changed in 25 years? a . Consumers collect and use frequent-flyer miles to buy airline tickets. b. Legislation passes that allows
consumers to request generic instead of name brand drugs. c. Old camcorders have black and white viewfinders, while newer models have color viewfinders.
Bank regulation exists because public authorities are convinced that
a. the balance between public interest and safety does not affect profitability, and should be removed from the hands of managers. b. the balance between bank profitability and public interest cannot be handled with legislation, but can be handled with regulation. c. the balance between bank profitability and safety cannot be left to profit-maximizing managers. d. the balance between bank safety and public interest can best be obtained by reliance on the market.