The annual cost of producing the entire output of goods and services in the economy
A. is total income.
B. includes durable goods but excludes nondurable goods.
C. includes financial transactions.
D. can be calculated entirely on the basis of financial transactions.
Answer: A
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Which of the following will NOT result from an unsterilized intervention in which the central bank sells foreign assets to purchase domestic currency?
A) Domestic interest rates will rise. B) The foreign-exchange value of the domestic currency will rise. C) The central bank will experience a decrease in international reserves. D) The domestic money supply will rise.
You are analyzing the demand for good X. Which of the following will result in a shift to the right of the demand curve for X?
A) A decrease in the price of X B) An increase in the price of a good that is a complement to good X C) An increase in the price of a good that is a substitute for X D) all of the above
Which of the following was a main economic policy goal of the Soviet Union?
A. Deindustrialization B. National self-sufficiency C. Export promotion D. Privatization
Which of the following statements regarding reliability of job analyses is not true?
A, Reliability is higher when analysts are professionals. B. Differences in performance across incumbents affects reliability. C. Gender and race of analysts affects reliability. D. Reliability is higher for specific tasks than general ones.