Which account of the balance of payments is most likely to be directly affected by a rise in real GDP?
a. Current international transactions
b. Net nonreserve-related international borrowing/lending
c. Official reserve-related (central bank) transactions
d. None.
.A
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Which of the following industrial changes allowed the smallest start-up manufacturers to compete with great industrial capitalists?
A. A positive trade balance at the turn of the 20th century. B. The completion of the national railroad network. C. The development of the moving assembly line as a division of labor in manufacturing. D. The transition from private electric generators to centralized utility based power production.
Why would a higher tax rate lower the government purchases multiplier? What does the tax rate have to do with the government purchases multiplier?
What will be an ideal response?
Consider a portfolio with three stocks, each with the same value. The three stocks have standard deviations of 20%, 40%, and 90%. The standard deviation of this portfolio is
a. no greater than 50%. b. less than 20%. c. exactly 40%. d. more than 90%.
The economic argument for legalizing drugs:
a. takes into consideration all the externalities associated with drug use. b. shows that economists are all libertarians at heart. c. is based on the assumption that for most non-users, the demand is relatively price elastic. d. is really politically motivated. e. is morally bankrupt.