Which of the following, all else fixed, will cause the real exchange rate to decrease?
A) a nominal appreciation
B) an increase in the foreign price level
C) an increase in the domestic price level
D) all of the above
E) none of the above
B
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Which of the following are considered factors of production used to produce goods and services?
I. Land II. Labor III. Capital IV. Entrepreneurship A) I and II only B) I and III only C) I, II and III only D) I, II, III and IV
The people who sit on the Federal Reserve Open Market Committee are ____________.
Fill in the blank(s) with the appropriate word(s).
Assume that there is no way to prevent someone from using an interstate highway, regardless of whether or not she helps pay for it. This characteristic is associated with:
A. rival goods. B. complementary goods. C. capital goods. D. public goods.
An efficient market is a market in which
A. profit opportunities are eliminated almost instantaneously. B. everyone always gets what they want. C. opportunity costs are zero. D. profits are always very high and persistent.