Which of the following countries has the lowest level of average educational attainment?
A. Canada
B. Italy
C. India
D. Sudan
Answer: D
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A shift away from expenditures on domestic goods and a shift toward expenditures on foreign goods when the domestic price level increases is known as
A) the interest rate effect. B) demand side inflation. C) the real-balance effect. D) the open economy effect.
The interest parity condition indicates that the interest differential is equal to the
A) risk premium. B) forward premium. C) futures premium. D) arbitrage premium.
What is true about threats in the game in Scenario 13.15?
A) Simple can change the equilibrium by means of a credible threat; Boring cannot. B) Boring can change the equilibrium by means of a credible threat; Simple cannot. C) Boring can change the equilibrium by means of a credible threat only if it can move before Simple. D) Simple can change the equilibrium by means of a credible threat only if it can move before Boring. E) Neither firm has a credible threat with which to change this equilibrium.
An increase in the foreign price of the U.S. dollar is called:
a. depreciation of the U.S. dollar. b. appreciation of the U.S. dollar. c. appreciation of the foreign currency. d. readjustment of the U.S. dollar. e. readjustment of the foreign currency.