Ceteris paribus, if incomes increase faster in the United States than in less developed countries, then the currencies of less developed countries should
A. Depreciate, and the dollar should depreciate.
B. Depreciate, and the dollar should appreciate.
C. Appreciate, and the dollar should depreciate.
D. Appreciate, and the dollar should appreciate.
Answer: C
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What are the four components of aggregate demand?
What will be an ideal response?
In Figure 3-3 above, equilibrium income is
A) 400. B) 640. C) 666.67. D) 1,000. E) 2,400.
Public choice analysis suggests that bureaucrats and public-sector managers have a strong incentive to
a. economize on their spending so more funds will be available for other government programs. b. ensure that their budget is exactly the size that would be considered economically efficient. c. expand their budgets to sizes beyond what would be considered economically efficient. d. keep individual legislators fully informed as to every expenditure.
Which of the following is correct? Using data from 2014,
a. immigrants (both legal and illegal) make up about 40 percent of the U.S. population. b. low-skilled immigration lowers the earnings of all workers in the United States by about 15 percent. c. illegal immigrants make up about 20 percent of the U.S. workforce. d. over 80 percent of immigrants are from Latin America and Asia.