If the United States experiences an economic boom, how will this affect the foreign exchange value of the U.S. dollar?
a. It will fall because other nations would be forced to raise their interest rates.
b. It will fall because the United States will import more goods and services, leading to an increased demand for foreign currencies.
c. It will rise because U.S. GDP would be rising faster than other countries.
d. It will rise because the Fed will have to lower U.S. interest rates.
e. It will rise because the United States will import more goods and services, leading to an increased demand for foreign currencies.
B
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The experience with development policy over the last several decades now allow us to
a. predict the result of any country's policies b. establish the right mix of government and private sector c. be more confident about what issues are important and what directions to take d. show how one country's success can be repeated by another country e. we have not learned any good general lessons from experience
What do developing countries want regarding agriculture in the Doha Round?
What will be an ideal response?
In the 19th century, the federal government:
a. allocated funds to help build steamboats. b. passed laws requiring steamboat boiler inspections. c. required steamboat captains to undergo training in order to receive an operating license. d. regulated the fees that steamboats could charge for carrying freight. e. All of the above.
Potential GDP is the quantity that an economy can produce by:
a. fully employing its existing levels of labor, physical capital, and technology. b. partially employing its existing levels of labor, physical capital, and technology. c. fully employing its future levels of labor, physical capital, and technology. d. partially employing its future levels of labor, physical capital, and technology.