A researcher claims that the standards of law and order are the basis of the economic prosperity of a certain country. This argument is based on the:
A) geography hypothesis. B) location hypothesis.
C) culture hypothesis. D) institutions hypothesis.
D
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A central bank's attempt to prevent an appreciation of its currency can stimulate domestic inflation if the ________ of its currency leads to ________ international reserves which ________ the monetary base
A) purchase; higher; increases B) purchase; lower; decreases C) sale; lower; decreases D) sale; higher; increases
The Prisoner's Dilemma is an example of
A) market signaling. B) a zero-sum game. C) a non-zero sum, non-cooperative game with a dominant strategy. D) adverse selection.
A perfectly elastic demand curve is a vertical line
Indicate whether the statement is true or false
What is the percent reduction in import quantity in a country due to the tariffs imposed by the government, if the country's import tariffs are all 10 percent, the total imports affected by the tariffs are 40 percent of the GDP, and the net national loss from the tariffs as a percentage of GDP is 0.6 percent?
A. 30% B. 40% C. 20% D. 10%