The price of a country’s exports relative to the price of its imports is called
a) the export price ratio
b) the comparative advantage
c) the tariff barrier
d) the terms of trade
e) the mercantile factor
d) the terms of trade
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When the Fed acts as a "lender of last resort," like it did in the financial crisis of 2007-2008, it is performing its role of
A. providing for check clearing and collection. B. being the bankers' bank. C. controlling the money supply. D. setting the reserve requirements.
Which would be an example of a price ceiling?
A) rent controls. B) a legally-specified maximum interest rate on student loans. C) government-mandated lower prices and fees charged by physicians. D) all of the above. E) none of the above.
The balance of payments account which records foreign investment in the United States and U.S. investments abroad is the
A) capital and financial account. B) current account. C) official settlements account. D) None of the above because foreign investment in the United States is included in one account and U.S. investment abroad is included in another account.
Economists try to address their subject with a scientist's objectivity
a. True b. False Indicate whether the statement is true or false