Which of the following exchange rates between the dollar and the peso would a Mexican buyer of American goods most prefer?
A. $0.05 = 1 peso
B. $0.25 = 1 peso
C. $0.15 = 1 peso
D. $0.20 = 1 peso
Answer: B
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The town of Marble Falls has 10 workers, of which 8 were employed and 2 were actively seeking work. After many months of seeking work, both of the unemployed workers became discouraged and stopped looking for work six weeks ago
The unemployment rate in Marble Falls is now A) 0%. B) 11.1%. C) 20%. D) 25%.
Which is an example of "short selling"?
A) The public high school that offers a before-school breakfast program for twenty dollars a month, paid the first of each month B) The public high school theater group that sells out their rendition of Grease three days before opening night C) The for-profit high school ring company that requires payment in full from graduating seniors before producing the rings of their choice D) All of the above.
In the expectations-augmented Phillips curve, ? = ?e - 3(u - 0.05). When ? = 0.03 and ?e = 0.06, the unemployment rate is
A) 0.04. B) 0.05. C) 0.06. D) 0.07.
Positive externalities lead to under supply in a market
Indicate whether the statement is true or false