When explaining China and India's trade patterns,
A) proximity and GDP explain a significant portion.
B) many complex factors determine trading partners.
C) patterns are very different for each country.
D) exchange rates determine most of the pattern of trade.
A
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If you deposit $1,000 in cash in your checkable deposit at your bank, the quantity of M1 immediately
A) increases by $1,000. B) decreases by $1,000. C) does not change in size. D) increases by $2,000. E) changes, but more information about the required reserve ratio is necessary to determine the amount of the change.
The reserve ratio is 10 percent. Depositors regularly keep 10 percent of their deposits as cash. If the Fed buys $1 million of U.S. government securities, excess reserves
A) increase by $800,000. B) increase by $810,000. C) increase by $900,000. D) increase by $1 million.
If a nation’s productivity grows by 3% rather than 1.5% over many years, what will be the difference in the nation’s standard of living? Explain
Please provide the best answer for the statement.
Which of the following countries has NOT experienced hyperinflation?
A. Germany B. Bolivia C. Brazil D. Norway