If there is no Ricardo-Barro effect, an increase in the government budget surplus
A) increases the supply of loanable funds.
B) decreases private saving.
C) increases private saving.
D) decreases the supply of loanable funds.
E) has no effect on the demand for loanable funds, the supply of loanable funds, or the real interest rate.
A
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The figure above illustrates the current market for workers in Lima, Peru
a) Without any government intervention, what is the equilibrium wage rate and amount of employment? b) If the city government imposes a minimum wage of $3 an hour, what is the amount of employment? Does the minimum wage create any unemployment? Why or why not? c) If the city government imposes a minimum wage of $6 an hour, what is the amount of employment? Does the minimum wage create any unemployment? Why or why not?
Suppose the price of an ounce of silver is 100 nuevos soles in Peru and $400 in the United States. This implies:
a. the Peruvian nuevo sol is worth four times the value of a U.S. dollar. b. the Peruvian nuevo sol is worth one-fourth the value of a U.S. dollar. c. Peru's economy must be four times larger than the U.S. economy. d. the U.S. economy must be four times larger than that of Peru. e. the U.S. dollar is worth four times the value of a Peruvian nuevo sol.
A _____ is a function that takes on a defined value for every point in the sample space
a. discrete variable b. random variable c. dependent variable d. continuous variable
Domestically produced goods and services sold to other countries are referred to as
A) exports. B) imports. C) transfer payments. D) capital outflow.