In the open-economy macroeconomic model, the supply of dollars in the market for foreign-currency exchange comes from
a. net exports
b. net capital outflow
c. net exports + net capital outflow
d. net exports - net capital outflow
b
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Anthropologist E. T. Hall in his book The Silent Language said that:
a. What people do is more important than what they say b. Silence is meaningful c. Conflict is everything d. Beware of underlying messages
People tend to wait until deadlines get close to work on projects in part because they believe that they can complete the projects in less time than it will actually take. Which findings from behavioral economics is this observation consistent with?
a. People tend to be time inconsistent and people tend to be overconfident. b. People tend to be time inconsistent but not that people tend to be overconfident. c. People tend to be overconfident, but not that people tend to be time inconsistent. d. Neither that people tend to be overconfident nor that people tend to be time inconsistent.
Real GDP per person in both Alpha and Omega is equal to $2,000. Over the next 100 years, real GDP per person grows at a 1 percent annual rate in Alpha and at a 2 percent annual rate in Omega. After 100 years, real GDP per person in Alpha is ________ smaller than real GDP per person in Omega.
A. $5,410 B. $11,080 C. $2,000 D. $9,080
A country that limits imports by requiring a lengthy inspection process is using
A. quotas. B. tariffs. C. subsidies. D. non-tariff regulatory barriers.