The price levels of various nations are linked together by:
A. Trading blocs
B. Exchange rates
C. The World Trade Organization
D. The General Agreements on Tariffs and Trade
B. Exchange rates
You might also like to view...
In the Keynesian model in which the Keynesian short-run aggregate supply curve exists
A) the short-run aggregate supply curve determines real GDP. B) the aggregate demand curve determines the price level. C) unemployment cannot persist for long periods of time. D) aggregate demand determines real GDP per year.
The features of the U-Form of firm organization are
a. workers can easily develop a high degree of functional expertise b. it is difficult for employees to share information across positions within a division c. employee evaluation is hampered by managers having different skill sets than workers d. coordination across divisions is simple and does not take much management time
The natural rate of unemployment is a measure of
a) human capital b) long run equilibrium in the labor market c) the rate at which natural resources are extracted and depleted d) the size of the private sector relative to the public sector e) the rate at which marginal returns to labor are diminishing according to the economy’s long run production function
Your sister always brags about how savvy of a grocery shopper she is. She believes that she saves lots of money by paying with coupons and making her grocery purchases at multiple stores to get the lowest prices on all goods. She may overestimate her savings because:
A. she does not count the cost of the gas used driving extra miles to multiple grocery stores. B. she does not count the value of the time it took to sort and clip coupons as a cost. C. she does not count the value of the extra time it takes to stand in multiple lines at multiple stores and use multiple coupons compared to a trip to one store with no coupons. D. All of these.