Nine of the top 10 exporting countries are countries with ________.
A) cheap labor
B) small land masses
C) dependence primarily on raw material exports
D) developed economies
Answer: D) developed economies
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President Obama has proposed a goal that everyone complete at least one year of formal education or training beyond high school. This policy would
A) increase human capital and increase economic growth. B) increase physical capital and increase economic growth. C) increase financial capital and increase economic growth. D) eliminate opportunity costs and increase economic growth.
Assuming an decrease in money demand, then to keep interest rates constant the Fed must
a. keep the money supply constant. b. conduct an open market sale of bonds. c. reduce the required ratio. d. both b and c. e. None of the above
In Country Z, the government simultaneously increases its expenditures by $25 billion and increases taxes by $25 billion. If the MPS is equal to 0.2, the government's action ________ real GDP by ________
A) increases; $125 billion B) increases; $25 billion C) increases; $100 billion D) has no effect on; $0
A tax levied on the value of physical assets such as land, or financial assets such as corporate stocks and bonds, is known as a(n)
a. corporate income tax b. property tax c. excise tax d. unit tax e. customs duty