What is the pattern of exports and imports in China and India?
A) Exports are heavily subsidized through government policy.
B) Many barriers to imports exist.
C) Exports and imports are tied together, with exports depending on imported inputs and technology.
D) Imports are not important to either nation's economy.
C
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Writer Thomas Friedman asserts that "America is the greatest engine of innovation that has ever existed and it can't be duplicated anytime soon, because"
A. of its extreme freedom of thought. B. of its emphasis on independent thinking. C. of its steady immigration of new minds. D. of all of the factors listed.
Assume that the government increases spending and finances the expenditures by borrowing in the domestic capital markets. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the quantity of real loanable funds per time period and the nominal value of the domestic currency in the context of the Three-Sector-Model?
a. The quantity of real loanable funds per time period rises, and nominal value of the domestic currency rises. b. The quantity of real loanable funds per time period falls, and nominal value of the domestic currency rises. c. The quantity of real loanable funds per time period rises, and nominal value of the domestic currency remains the same. d. The quantity of real loanable funds per time period rises, and nominal value of the domestic currency falls. e. There is not enough information to determine what happens to these two macroeconomic variables.
In the above figure, the marginal cost curve is curve
A) A. B) B. C) C. D) D.
Gross domestic product (GDP) is a satisfactory measure of both economic "goods" and "bads"
a. True b. False Indicate whether the statement is true or false