The agreement that established Spain and Portugal's rights to explore various parts of the world was called:
a. the Treaty of Spain.
b. the Treaty of Paris.
c. the Treaty of Tordezillas.
d. the Spanish-Portuguese Covenant.
e. the London Accord.
c. the Treaty of Tordezillas.
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The equation, ?Y/Y = ?A/A + aK?K/K + aN?N/N, is known as
A) the production function. B) the Solow model. C) the productivity formula. D) the growth accounting equation.
In assessing Superfund, we observe
a. a market-based approach to waste site clean-up b. the use of benefit-cost analysis to determine abatement levels c. inefficiency due to uniform site cleanup d. weak legal standards to identify PRPs
Ceteris paribus means
A) one variable too many. B) the correct relationship specified. C) assuming economic motives. D) all other things held constant or nothing else changes.
The Chinese government slowly increased the value of the yuan from 8.1 yuan per dollar in January 2006 to 7.69 yuan per dollar in May 2007. The Chinese government's objective in increasing the value of its currency was to:
A. decrease the trade surplus and prevent the price level from falling further. B. increase the trade surplus and prevent the price level from rising further. C. decrease the trade surplus and prevent the price level from rising further. D. increase the trade surplus and prevent the price level from falling further.