All of the following actions were taken by the Thai government to help Thailand maintain its peg against the dollar in the 1990s except
A) imposing restrictions on exports to the United States to prevent too many dollars from entering the economy.
B) borrowing dollars from the International Monetary Fund in exchange for baht.
C) increasing domestic interest rates to attract more foreign investors.
D) buying baht on the foreign exchange market to support higher demand for the baht.
A
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If the quantity supplied increases by 8 percent when the price rises by 2 percent, the price elasticity of supply is ________
A) 10.0 B) 6.0 C) 0.25 D) 16.0 E) 4.0
If the per-worker production function shifts down,
A) the per-worker production function becomes steeper. B) it now takes more capital per hour worked to get the same amount of real GDP per hour worked. C) an economy can increase its real GDP per hour worked without changing the level of capital per hour worked. D) positive technological change has occurred in the economy.
Utility is characterized as:
a. Subjective b. Objective c. Constant d. None of the above characterize utility
R&D is an aspect of a firm's:
A. structure. B. performance. C. conduct. D. environment.