The VER between the United States and Japan was shown to _______________ gas consumption, _______________ the use of energy, and _______________ gas mileage from automobiles.
a. raise; raise; lower
b. lower; lower; raise
c. raise; lower; lower
d. lower; raise; raise
Ans: a. raise; raise; lower
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If the demand for online banking increases, we would expect to see the
A) supply of workers that produce online-banking services to increase. B) supply of workers that produce online-banking services to decrease. C) demand for workers that produce online-banking services to decrease. D) demand for workers that produce online-banking services to increase.
If the residents of a country specialize in a good in which they have a comparative advantage and trade with residents in another nation, the residents in the first country
A) can consume more than they could without trade. B) can produce more than they could without trade. C) will have a lower standard of living. D) will be exploited by the second nation.
If NCNB Corp's deposits are $12.5 billion, its excess reserves are $100 million, and the reserve requirement is 10%, its actual reserves are
A. $100 million. B. $1.15 billion. C. $1.25 billion. D. $1.35 billion.
One way the government can boost the economy out of a recession is:
A. with public announcements telling the public to save their money. B. by increasing government spending. C. by setting price ceilings on most goods so people can afford them. D. None of these will help an economy in recession.