The Consumer Price Index is used specifically to measure the
A. Inflation rate.
B. Business cycle.
C. Growth rate of the economy.
D. Unemployment rate.
Answer: A. Inflation rate.
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According to Olsen, the dictator that promotes growth is the:
a. tinpot b. roving bandit c. the stationary bandit d. all dictators are good for growth e. non dictator is good for growth
Since 1980 U.S. net capital outflow has been
a. negative, meaning that foreigners were buying more capital assets from the United States than Americans were buying abroad. b. negative, meaning that Americans were buying more capital assets abroad than foreigners were buying from the United States. c. positive, meaning that foreigners were buying more capital assets from the United States than Americans were buying abroad. d. positive, meaning that Americans were buying more capital assets abroad than foreigners were buying from the United States.
In what year did the housing bubble burst?
A. 2000 B. 2006 C. 2008 D. There was no such event.
Table 1.1 shows the hypothetical trade-off between different combinations of Stealth bombers and B-1 bombers that might be produced in a year with the limited U.S. capacity, ceteris paribus. Table 1.1Production Possibilities for BombersCombinationNumber of B-1 BombersOpportunity cost (Foregone Stealth)Number of Stealth BombersOpportunity cost (Foregone B-1)S0NA10 T1 9 U2 7 V3 4NAOn the basis of Table 1.1, what is the opportunity cost of producing at point S rather than point T?
A. 0.9 Stealth bombers. B. 1 Stealth bomber. C. 10 Stealth bombers. D. 1 B-1 bomber.