Which of the following countries has the lowest export ratio?
A. Haiti.
B. Samoa.
C. The United States.
D. India.
Answer: B
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The federal funds rate is always __________ the repo rate
A) above B) below C) the same as D) None of the above.
A system in which the value of currency issued by the government is based entirely on public faith that the currency will be acceptable in trade is
A) a fiduciary system. B) a private property system. C) a Gresham system. D) a socialistic system.
Relative to a world in which some people are motivated by nonmaterial incentives, if all people were motivated solely by financial incentives, then:
A. economic efficiency would be achieved more often. B. there would be no commitment problems. C. both business transactions and personal interactions would be different. D. transactions in the business world would be the same, but personal interactions would not.
To be considered officially unemployed, a person must be at least 16 years old
A) and be a discouraged worker. B) and not working. C) and not in school and not working. D) and not working but is actively seeking employment.