The trend of shorter working days and longer vacations is expected to reversed in most wealthy countries in the future
a. True
b. False
B
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In an open economy with a given level of real interest rates and risk, a decrease in real interest rates abroad will ________ capital inflows and ________ the equilibrium domestic real interest rate.
A. increase; decrease B. decrease; increase C. decrease; decrease D. increase; increase
Excludability is the property of a good whereby
a. one person's use diminishes other peoples' use. b. a person can be prevented from using it. c. the government rations the quantity of a good that is available. d. the resource is congestible.
When per-unit costs increase as output increases, there are economies of scale in production.
Answer the following statement true (T) or false (F)
When inflation occurs
A. money gains in value. B. money loses value. C. the value of money is unaffected. D. the value of demand deposits falls but the value of currency is unaffected. E. inflation has nothing to do with money.