Refer to Table 7-6. If the actual terms of trade are 1 belt for 1.5 swords and 50 belts are traded, how many swords will Estonia consume?
A) 75 B) 100 C) 125 D) 200
C
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The term "free riders" refers to people who:
A) selflessly pay for others' consumption of goods and services. B) make economic decisions randomly and are not rational. C) haggle over the prices of the goods and services that they buy. D) don't contribute but still benefit from others' actions.
Which of the following is a component of the incomes approach to GDP?
A) consumption expenditure B) wages and salaries C) investment D) government expenditure on goods and services
In the United States, families headed by single women have higher poverty rates than families headed by single men or by married couples
a. True b. False Indicate whether the statement is true or false
An increase in a country's budget deficit
a. increases net capital outflow, so the demand for its currency in the market for foreign-currency exchange shifts right. b. increases net capital outflow, so the supply of its currency in the market for foreign-currency exchange shifts right. c. decreases net capital outflow, so the demand for its currency in the market for foreign-currency exchange shifts left. d. decreases net capital outflow, so the supply of its currency in the market for foreign-currency exchange shifts left.