Compared to industrial market countries, developing countries usually have
a. exports consisting mostly of agricultural products and raw materials
b. faster population growth
c. higher unemployment
d. higher rates of illiteracy
e. All of the answers are correct
E
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The main difference between a sterilized intervention and unsterilized intervention in the foreign exchange market is:
A) a sterilized intervention is coordinated with other nations B) an unsterilized intervention does not change the exchange rate C) an unsterilized intervention does not change the monetary base D) a sterilized intervention does not change the monetary base
In the United States, the Great Depression peaked in:
a. 1900 b. 1933 c. 1945 d. 1981
When wages are viewed as benefits instead of costs of a project, it is an example of the
A. labor game. B. chain-reaction game. C. double-counting game. D. dating game.
The exchange rate
a. is the ratio of two countries' GDPs. b. is the rate at which one country's money is flowing into another country. c. states the price of one currency in terms of another currency. d. is closely related to the concept of absolute advantage.