The aggregate production function is the mathematical representation of the technological relationship between
A. national output and fiscal policy.
B. fiscal and monetary policy changes and national output.
C. national output and inputs.
D. the rate of capital accumulation and national output.
Answer: C
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A nation benefits from international trade if it:
a. exports more than it imports. b. imports more than it exports. c. imports goods for which it is a low opportunity cost producer. d. exports goods for which it is a low opportunity cost producer.
Agraria sends wheat to Cyberia in exchange for computers and technology goods. This is an example of
A. unidirectional trade. B. joint venture. C. barter. D. monetary exchange.
If we compare income percentages of total income of the highest quintile in 1968 with 2008, we would find that it was
A. rising. B. staying about the same. C. falling.
If the government chooses not to buy or sell foreign currencies, it has a:
A. flexible exchange rate. B. fixed exchange rate. C. gold standard. D. partially-flexible exchange rate.