If a country's population is 10 million and its GDP is $113 billion, its per capita output is:
A. $1,130
B. $113,000.
C. $113.
D. $11,300.
Answer: D
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When two variables in a graph are related to a third, changing the third causes
A) a movement along the curve. B) a shift of the curve. C) no change in the curve because the third variable isn't on the axes. D) either a shift or a movement in the curve, but more information is needed to determine which occurs. E) None of the above answers is correct.
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.
If a nation wants to maintain a fixed exchange rate at a time when supply and demand are causing an excess of imports over exports, the nation might
a. shift to a more expansionary monetary policy. b. shift to a more restrictive monetary policy. c. reduce its trade barriers (tariffs and quotas). d. tax exports and subsidize imports.
During wars the public tends to hold relatively more currency and relatively fewer deposits. This decision makes reserves
a. and the money supply increase. b. and the money supply decrease. c. increase, but leaves the money supply unchanged. d. decrease, but leaves the money supply unchanged.