Which of the following is correct concerning the open-economy macroeconomic model?
a. The net-capital-outflow curve slopes upward.
b. The key determinant of net capital outflow is the real exchange rate.
c. The supply of dollars in the market for foreign-currency exchange is vertical.
d. None of the above is correct.
c
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The government agency that insures deposits held in banks in the United States is
A) the Federal Bank Insurance Corporation. B) the Federal Deposit Insurance Corporation. C) the Federal Asset Insurance Corporation. D) the Federal Reserve System.
Often politicians assert that a price, such as the price of gasoline or the rent for an apartment, is too high and that it is unfair for these prices to be so high
If these products are traded in competitive markets, what fairness rule are politicians using? Why?
An example of how economic growth might not lead to economic development is:
A. the rate of literacy increased among all groups when a nation’s economy grew. B. people had greater social mobility due to the growth experienced in the nation. C. the average income in a nation increased with greater GDP growth. D. when a nation’s economy grew, the rate of malnutrition among children was relatively constant.
When a monopolist chooses the level of output where marginal cost equals marginal revenue the price:
A. equals average revenue. B. is lower than average revenue. C. equals marginal revenue. D. is lower than marginal revenue.