The monetary policy transmission process is almost immediate and its results are relatively easy to predict.
a. true
b. false
b. false
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A furniture maker used to buy its wood, but has now bought the lumber company. How does this impact GDP?
A) It reduces it. B) It does not change. C) It increases it. D) We cannot tell.
A particular brand of toothpaste costs 4 British pounds in London. The nominal exchange rate is .80 and the real exchange rate is about 1.16 . These numbers imply that the U.S. price of the same toothpaste is about
a. $5.79 b. $4.29 c. $3.70 d. $2.76
A comparative advantage in the production of coal is held by
A. Australia.
B. the United States.
C. both countries.
D. neither country.
Which of the following statements is true?
A. Adverse selection is a problem of monopoly and moral hazard is a problem of information asymmetry. B. Adverse selection and moral hazard are problems stemming from asymmetric information. C. Moral hazard is a problem that occurs before a transaction. D. Adverse selection is a problem that occurs after a transaction.