A good example of a policy to increase an economy's saving rate is ________
A) to reduce poverty
B) to increase the economic growth rate
C) to increase government spending
D) to reduce interest rates
E) to increase sales taxes
E
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The action of arbitrage is
A) the process of buying a currency cheap and selling it dear. B) the process of buying a currency dear and selling it cheap. C) the process of buying and selling currency at the same price. D) the process of selling currency at different prices in different markets. E) the process of buying a currency and holding onto it to take it off the market.
Consider a world of two countries producing only wheat and cloth. In one hour, residents of Country A can produce 1 unit of wheat and 0.5 unit of cloth, whereas residents of Country B can produce 0.3 unit of wheat and 0.4 unit of cloth
Country A should export A) wheat and cloth; country B should not export anything. B) wheat and country B should export cloth. C) nothing and country B should export both wheat and cloth. D) cloth and country B should export wheat.
Economists consider rent seeking activity to be highly productive.
Answer the following statement true (T) or false (F)
Suppose that initially, the equations for demand and supply are Qd = 48 ? 4P and Qs = 4P ? 16, respectively. If the quantity supplied increases by 4 at every price (so that the supply curve shifts to the right), the equilibrium price will change from:
A. $8 to $7.50. B. $12 to $8. C. $7.50 to $8. D. $8 to $12.