Which of the following will enable a nation to obtain a combination of consumer goods and capital goods outside its production possibilities curve?
What will be an ideal response?
international specialization and trade
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The above table gives data for the nation of Sueland. What is the private sector balance?
A) $11 billion B) -$11 billion C) -$43 billion D) $43 billion
The U.S. real interest rate rises relative to the British real interest rate. British net exports ________ and the British exchange rate ________
A) increase; rises B) increase; falls C) decrease; rises D) decrease; falls
In the long-run, the inflation rate will move very closely with ________
A) the growth rate of the money supply B) the change in government debt C) the growth rate of government expenditures D) changes in tax rates
Which of the following is a characteristic of money?
(a) Recognisable. (b) It acts as a unit of account. (c) It acts as a standard for deferred payment. (d) It acts as a store of Value.