High-income industrial nations such as the United States and Japan tend to have their highest tariffs in
A) newer, high-technology manufacturing industries.
B) capital-intensive, diversified manufacturing.
C) agriculture, clothing, and textiles
D) automobiles.
C
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The ________ relation indicates that the interest differential between investments in two currencies will equal the forward premium or discount between the currencies
A) Fisher equation B) interest rate parity C) purchasing power parity D) term structure of interest rates
In a small open economy, when exports exceed imports, all of the following are true EXCEPT
A) net capital outflows are positive. B) net exports are positive. C) domestic investment exceeds domestic saving. D) domestic output exceeds spending.
Which of the following is correct?
a. Well designed tax cuts can increase investment which fluctuates more than consumption over the business cycle.
b. Well designed tax cuts can increase investment but it fluctuates less than consumption over the business cycle.
c. Tax cuts have little effect on investment which fluctuate more than consumption over the business cycle.
d. Tax cuts have little effect on investment but it fluctuates less than consumption over the business cycle
Use the above table. The income elasticity of artisan bread is
A. 1.285. B. 0.780. C. 8.330. D. 0.012.