On a world scale, how populous is the U.S. economy?
a. first
b. second
c. third
d. fourth
e. fifth
c
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The basic transfer is defined as
(a) net capital inflow. (b) interest payments on foreign debt. (c) net capital inflow divided by interest payments on foreign debt. (d) net capital inflow minus interest payments on foreign debt.
An increase in income causes, the price for ipads _____________ and the quantity demanded for ipads ____________
a. Increase; increase b. Increase; decrease c. Decrease; increase d. Decrease, decrease
The exchange rate is
a. the price of foreign exchange determined by the interaction of supply and demand b. an interest rate determined by the interaction of supply and demand c. fixed by each government separately d. always fixed for any two currencies by the two nations involved, regardless of any agreements made with other nations e. fixed by GATT
All other things being equal, an increase in the supply of labor will lead to a fall in the wage
a. True b. False Indicate whether the statement is true or false