In the year 2015, the United States spent about
A) 17 percent of GDP on health care.
B) 100 percent of GDP on health care.
C) 6 percent of GDP on health care.
D) 2 percent of GDP on health care.
A
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A rule that a foreign company export a minimum percentage of its output is considered
a. local content requirement b. national treatment c. performance requirement d. most favored nation treatment e. none of the above
In response to a price change for good Y, if the cross-elasticity of demand for good Y is negative, good X and good Y are substitutes
a. True b. False Indicate whether the statement is true or false
If you know the required reserve ratio, then you know how much each bank is holding in reserves
a. True b. False Indicate whether the statement is true or false
Assume that Currency 1 appreciated in terms of Currency 2 . Which of the following statements is always true?
a. Currency 2 appreciated as well in terms of currency 1. b. Currency 2 may have appreciated or depreciated in terms of currency 1. c. Currency 2 depreciated in terms of currency 1. d. Currency 2 appreciated in terms of any currency. e. Currency 2 depreciated in terms of any currency.