Which of the following countries are lacking an abundance of natural resources?

Is relative PPP a useful equilibrium concept for describing general trends in exchange rates? Under what kinds of circumstances would the concepts of PPP be best applied?

What will be an ideal response?

The more human capital you have, the more likely you will:

A. be unemployable. B. earn more money. C. not benefit from specializing. D. All of these are true.

To decrease the money supply, the Fed may

A) buy government securities in the open market. B) decrease the discount rate. C) increase the required reserve ratio. D) b and c E) all of the above

If a Balanced Budget Amendment to the U.S. Constitution were passed, during an economic slowdown, such an amendment would

A. necessitate a tax increase or spending cut, or both. B. have no impact. C. necessitate an increase in interest rates. D. necessitate a tax cut or spending increase, or both.