Which of the following is an exogenous variable in the Three-Sector-Model?
a. Expected inflation
b. Industry risk
c. Country risk
d. Real risk-free interest rate
e. All of the above are exogenous variables.
.C
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Refer to Table 3-3. The table above shows the demand schedules for Kona coffee of two individuals (Luke and Ravi) and the rest of the market. If the price of Kona coffee rises from $4 to $5, the market quantity demanded would
A) decrease by 115 lbs. B) increase by 35 lbs. C) decrease by 35 lbs. D) increase by 115 lbs.
Latin American economies have become relatively more closed to international trade since 1985
Indicate whether the statement is true or false
Other things being equal, a ____ supply of workers tends to ____ real wages
a. larger; decrease b. smaller; decrease c. larger; increase d. smaller; not change
Consider the supply of orange juice. If the price of orange juice rises, which of the following occurs?
a. Producers of orange juice are satisfied with their revenue and leave production unchanged. b. Producers of orange juice decrease the quantity of orange juice that they produce. c. Producers of orange juice go out of business, and the supply of orange juice shifts to the left. d. Producers of orange juice increase their production of orange juice.