Globalization is becoming more of a worldwide phenomenon because
a. more countries want to become self-sufficient.
b. less-developed countries are increasing their trade restrictions.
c. technological advancements are decreasing transportation costs.
d. trade hurts workers in poor countries.
C
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Suppose the Fed sells $100 of government securities. If the desired reserve ratio is 20 percent and there is no currency drain, then the quantity of money
A) decreases by $500. B) decreases by $80. C) decreases by $400. D) decreases by $100. E) increases by $100.
One explanation for the growth in the U.S. economy over the last 100 years is:
A. a large increase in human capital. B. a rapid decline in human capital. C. a small, incremental increase in human capital. D. Human capital was not the cause of growth in the United States over the last 100 years.
Monetary and price instability will
a. make it easier for both individuals and businesses to plan wisely for the future. b. generate uncertainty, and encourage investors and businesses to move their activities to countries with a more stable monetary environment. c. encourage businesses to invest and expand their future output. d. encourage domestic citizens to increase their rate of saving.
Oil is considered:
A. technology. B. physical capital. C. a renewable resource. D. a nonrenewable resource.