According to Figure 5.1, the real interest rate is relatively high in ________
A) Brazil
B) Turkey
C) Argentina
D) Japan
E) Indonesia
A
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The table above lists six points on the production possibilities frontier for grain and cars. Given this information, which of the following combinations is unattainable?
A) 6 tons of grain and 18 cars B) 4 tons of grain and 26 cars C) 2 tons of grain and 27 cars D) 7 tons of grain and 10 cars
Which of the following is most likely to result in a decline in the economic growth of a nation?
a. The installation of a network of irrigation ditches and pumping stations to grow fruits and vegetables in parts of southern California b. The invention of a threshing machine for harvesting grains c. Increased government funding for higher-secondary education d. Emigration by the citizens of Nomanzia, an island country, when a politically repressive regime took office
Recessions begin at ________ and end at ________.
A. a peak; a trough B. the highest unemployment rate; the lowest unemployment rate C. a trough; a peak D. the lowest unemployment rate; the highest unemployment rate
In the circular economic flow diagram, households:
A. make consumption expenditures and pay for land, labor, and capital. B. receive money income and supply resources. C. make consumption expenditures and receive goods and services. D. buy resources and receive goods and services.