The forces that make market economies work are
a. work and leisure.
b. politics and religion.
c. supply and demand.
d. taxes and government spending.
c
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If the current account has a negative balance of $100 and the capital and financial account has a positive balance of $80, there will be ________ in official reserves of ________
A) a decrease; $20 B) an increase; $20 C) an increase; $180 D) a decrease; $180
When the Fed buys securities from a bank, what happens to the monetary base and the quantity of money? Which changes by more or do both change by the same amount?
What will be an ideal response?
Based on Table 3.1, the opportunity cost of a pair of shoes in the United States is
A) three computers. B) two computers. C) one computer. D) one-half computer. E) None of the above.
To justify restricting trade, the less-developed countries have more reason to use this argument than industrially advanced countries
a. retaliation b. national security c. cheap foreign labor d. infant industries e. unionized foreign labor