Until recently, per-capita income increased in East Asian countries such as Hong Kong, Singapore, South Korea, and Taiwan by ________-fold every generation
A) 2
B) 3
C) 4
D) 5
E) 1
D
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Suppose that the dollar value rises from 100 to 125 yen. As a result, a. exports to Japan will likely increase
b. Japanese tourists will more likely visit the United States. c. U.S. businesses will be less likely to use Japanese shipping lines to transport their products. d. U.S. consumers will more likely buy Japanese-made automobiles.
Which of the following are the messengers in a market economy, conveying information about conditions of demand and supply?
a. interest rates b. surpluses c. shortages d. prices
Which of the following describes a negative externality?
a. A third party is negatively affected by a private transaction it was not part of. b. A third party is positively affected by a private transaction it was not part of. c. A party is negatively affected by a private transaction in which it took part. d. A party is positively affected by a private transaction in which it took part.
If banks do not have enough reserves to satisfy the reserve requirement, they can
A. Lend additional reserves in the federal funds market. B. Buy securities. C. Sell securities. D. Pay off discount loans at the Federal Reserve bank.