A central bank may be reluctant to see its currency appreciate because
A) rising prices of imports will contribute to inflation.
B) falling prices of exports will contribute to inflation.
C) the country's goods may become uncompetitive in world markets.
D) the country's monetary base will increase.
C
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During the antebellum period, the majority of the family labor on farms was devoted to investment type of activities—clearing land, constructing fences and buildings, and feeding and breeding livestock
Indicate whether the statement is true or false
Use the following graph to answer the next question.
In the above graph it is assumed that investment, net exports, and government expenditures
A. vary inversely with real GDP. B. are all increasing. C. vary directly with real GDP. D. are independent of real GDP.
Figure 17-1
In , in the absence of trade, the domestic price of shoes would be Pn. If the United States moved from a no-trade situation to free trade, which of the following would happen?
a.
The domestic price of shoes would rise, and domestic consumption would fall.
b.
Both the domestic price of shoes and domestic consumption would rise.
c.
Both the domestic price of shoes and domestic consumption would fall.
d.
The domestic price of shoes would fall, and domestic consumption would rise.
Which of the following statements is true about productive and allocative efficiency?
A. Realizing allocative efficiency implies that productive efficiency has been realized. B. Productive efficiency can only occur if there is also allocative efficiency. C. Society can achieve either productive efficiency or allocative efficiency, but not both simultaneously. D. Productive efficiency and allocative efficiency can only occur together; neither can occur without the other.