Which of the following is NOT an example of a regional trade bloc?
A) the North American Free Trade Agreement
B) the European Union
C) the Asian-Pacific Trade Agreement
D) Mercosur
Answer: C
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When an asset enables people to transfer purchasing power into the future it serves the function of a ________
A) store of value B) unit of account C) means of deferred payment D) medium of exchange
The Fed purchases $200 worth of government bonds from the public. The reserve requirement is 12.5 percent, people hold no currency, and the banking system keeps no excess reserves. The U.S. money supply eventually increases by
a. $25. b. between $200 and $300. c. $1,600. d. $2,500.
Between 1870 and 2010, among the United States, Germany, Japan, and Australia, ________ grew at the fastest rate and ________ grew at the slowest rate.
A. Japan; Australia B. Germany; United States C. Australia; Japan D. United States; Germany
Suppose the population is 250 million people, the labor force is 150 million people, the number of people employed is 130 million and the working-age population is 200 million people. What is the unemployment rate?
A) 8.0 percent B) 10.0 percent C) 13.3 percent D) 20 million E) 15.4 percent