Short-term interest rates show the cost of borrowing money for how long?
(A) Between 10 and 30 years.
(B) For no more than a month.
(C) For a few days or months.
(D) Between a few months and two years.
Ans: (C) For a few days or months.
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Which of the following is considered a durable good?
A) clothing B) a washing machine C) medical care D) food
If people have a sudden increase in confidence in the open economy of the U.S. and want to invest there, the:
A. demand for loanable funds curve would shift left. B. demand for loanable funds curve would shift right. C. supply of loanable funds curve would shift left. D. supply of loanable funds curve would shift right.
As a result of the government procurement policy in the U.S.:
a. the domestic consumers are required to pay a higher price than the government for the domestically produced goods. b. the government wields the sole authority of importing goods from abroad. c. the government wields the sole authority of exporting goods. d. the government is required to buy the domestic goods if the domestic price is less than the world price. e. the government is required to sponsor research and development for the domestic firms.
What effect did the decrease in the value of the dollar have on the U.S. trade deficit in the period from 2006 to 2009?
a. It decreased the trade deficit as Americans bought more U.S. capital goods. b. It decreased the trade deficit as foreigners were attracted to the increased value of U.S. products and Americans bought fewer imports. c. It increased the trade deficit as U.S. investors bought more domestic financial assets. d. It increased the trade deficit as Americans bought more imports and foreigners bought fewer U.S. products.