If the president of Chile commented that "the crime rate in Chile is currently too high," this would be an example of a normative statement

a. True
b. False


A

Economics

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An appropriate countercyclical policy in the face of a recession would be for the Fed to raise legal reserve requirements, raise the discount rate, and buy government securities

Indicate whether the statement is true or false

Economics

Janice has calculated the GDP for 2018 by using the total final goods times the 2018 prices of total goods. If Janice wishes to create a real value GDP value for 2018, what must she do?

A. Janice must adjust the total value 2018 GDP for inflation. B. Janice must divide the total value of consumer goods by the exported goods values. C. Janice must multiply the total value by the projected GDP for 2019.

Economics

The higher the expected rate of inflation,

A. the higher the real and nominal rates of interest. B. the higher is the real rate of interest. C. the lower is the nominal rate of interest. D. the lower is the real rate of interest.

Economics

Refer to the table below. The equilibrium world price in this two-nation model will be:

Use the table below to answer the question below. The table shows a schedule of the import demand in Country A and the export supply in Country B at various dollar prices. Column 1 is the price of the product. Column 2 is the quantity demanded for imports (QdiA) in Country A. Column 3 is the quantity of exports supplied (QseB) by Country B



A. $4.00
B. $3.00
C. $2.00
D. $1.00

Economics