Whenever a buyer and a seller agree to trade, both must believe they will be made better off
A) whether the buyer and seller live in the same city or different countries.
B) only if the buyer and seller live in countries with market economies.
C) unless one party is richer than the other.
D) unless the buyer resides in a different country than the seller. International trade may make the buyer or seller worse off.
A
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Assume that the expectation of a recession next year causes business investments and household consumption to fall, as well as the financing to support it. If the nation has low mobility international capital markets and a fixed exchange rate system, what happens to the net nonreserve international borrowing/lending balance and the monetary base in the context of the Three-Sector-Model? a. The
net nonreserve international borrowing/lending balance becomes more negative (or less positive) and monetary base falls. b. The net nonreserve international borrowing/lending balance becomes more negative (or less positive) and monetary base rises. c. The net nonreserve international borrowing/lending balance becomes more positive (or less negative) and monetary base falls. d. The net nonreserve international borrowing/lending balance and monetary base remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.
A forecaster used the regression equationQt = a + bt + c1D1 + c2D2 + c3D3and quarterly sales data for 1996 I - 2013 IV (t = 1, ..., 64) for an appliance manufacturer to obtain the results shown below. Q is quarterly sales, and D1, D2 and D3 are dummy variables for quarters I, II, and III.
What is the estimated intercept of the trend line in the fourth quarter?
A. 0 B. 55 C. 40 D. 70 E. none of the above
Microeconomics is the study of
A. federal budget details. B. aggregate measures of the economy. C. individual decision making. D. economic issues for an entire region.
A vertical supply curve may be described as being
A. relatively inelastic. B. relatively elastic. C. perfectly elastic. D. perfectly inelastic.