Which of the following exchange rate systems have a legislative commitment to exchange domestic currency for a specified foreign currency at a fixed exchange rate?
a. Gold standard
b. Gold exchange standard
c. Crawling band
d. Horizontal band
e. Currency board
e
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According to Simon Kuznet's (1958) research, the pattern of immigration in 1865–1914
(a) showed long swings but not the short-term business cycle fluctuations. (b) showed no long swings in the 1820–1860 period, but did show the business cycle. (c) showed both business cycle patterns and long swing patterns. (d) unlike 1820–1860, showed neither short cycles nor long swings, but was instead a steady surge after the Civil War ended.
The money supply will grow faster through deposit creation when the required reserve ratio is:
a. high and banks hold excess reserves. b. high and banks cannot find good customers to lend to. c. low and banks are able to lend out all of their excess reserves. d. low and banks are unable to loan out all of their excess reserves. e. high and banks are not able to loan out all of their excess reserves.
Assume men, on balance, have lower amounts of human capital than women have. Then we would expect
a. the demand for female labor to be lower than the demand for male labor. b. the demand for female labor to be higher than the demand for male labor. c. the supply of female labor to be lower than the demand for male labor. d. the supply of female labor to be higher than the supply of male labor.
Which of the following statements is true?
A. A tariff is a physical limit on the quantity of a good allowed to enter a country. B. An embargo is a tax on an imported good. C. A quota is a law that bars trade with another country. D. When a nation exports more than it imports it is running a balance of trade surplus.