Today, in the United States, imports are about
A. 60 percent of GDP.
B. 30 percent of GDP.
C. 16 percent of GDP.
D. 8 percent of GDP.
Answer: C
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What three factors regarding differences in interest rates on similar bonds can prevent the interest parity condition from holding?
What will be an ideal response?
A commodity money standard exists when exchange rates are:
a. artificially pegged to the price of oil. b. fixed in terms of gold, thus creating flexible exchange rates between countries. c. fixed in terms of gold, thus creating fixed exchange rates between countries. d. allowed to fluctuate based on the values of different currencies. e. fixed, based on the values of different currencies, in terms of some commodity.
Toyota (a Japanese-based company) produces Tundras in the state of Texas. In which country’s GDP is it included?
A. Japan and the United States B. Japan because Toyota is a Japanese company C. The United States because that is where it was produced D. Neither country because it is sold internationally
Two receptionists work at Widget, Inc., one in the morning and one in the afternoon. They are an example of
a. job specialization b. job rotation c. job sharing d. none of the above