Answer the following statement(s) true (T) or false (F)
Nations with high tariff barriers have tended to have higher average annual rates of real GDP per capita growth since 1965.
False
-Nations with high tariff barriers have tended to have lower average annual rates of real GDP per capita growth since 1965.
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Explain how the existence of unemployment compensation may actually result in a higher unemployment rate than would otherwise occur if there where no such compensation in the first place
What will be an ideal response?
Animal skins, livestock, tobacco, teeth and rocks have historically served as a medium of exchange, unit of account, store of value and method of deferred payment
Indicate whether the statement is true or false
Average propensity to consume
A) is the same as the break-even point. B) gives the amount a person changes planned consumption for a change in real disposable income. C) is the amount of consumption that is independent of the level of disposable income. D) is the proportion of total disposable income that is consumed.
Other things the same, if the exchange rate changes from 30 Thai bhat per dollar to 25 Thai bhat per dollar, then the dollar has
a. appreciated and so buys more Thai goods. b. appreciated and so buys fewer Thai goods. c. depreciated and so buys more Thai goods. d. depreciated and so buys fewer Thai goods.