In 2002, which of the following countries experienced a currency depreciation resulting in their inability to pay back what they had borrowed in U.S. dollars?
a. Argentina
b. Brazil
c. Thailand
d. Malaysia
a. Argentina
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Some consumer electronics products such as plasma TVs, DVD players, and digital cameras, are introduced at very high prices but over time, their prices start falling (beyond what could be attributed to falling costs as companies take advantage of
economies of scale and cheaper technologies). Which of the following is the best explanation for this observation? A) Early adopters of these new products typically have a higher demand and higher income compared to those who are willing to wait. B) More firms are likely to enter the consumer electronics market over time, forcing market prices down. C) Early adopters are more quality conscious and are willing to pay higher prices for the initial production of these goods. D) After satisfying the demand for early adopters, firms lower price to attract the more price-sensitive consumers.
Ethics play a key role in income redistribution.
A. True B. False C. Uncertain
What is the underground economy? How does it affect GDP calculations? Provide three examples of underground economy transactions
If your marginal propensity to consume is 0.75 and you get an additional $400 in income, you would spend ___________ on consumption.
Fill in the blank(s) with the appropriate word(s).