Studies show that improved education of women in developing countries leads to
(a) lower infant mortality.
(b) better designed, market based development policies.
(c) lower international dependence.
(d) all of the above.
A
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A horizontal demand curve indicates:
A. a perfectly inelastic demand. B. quantity demanded will drop to zero if the price increases by any amount. C. price elasticity is 1. D. price is not important in this market.
Market economies are not constrained by scarcity; only planned economies have that problem
a. True b. False Indicate whether the statement is true or false
Assume that the central bank lowers the discount to increase the nation's monetary base. If the nation has highly mobile international capital markets and a fixed exchange rate system, what happens to the real risk-free interest rate and the nominal value of the domestic currency in the context of the Three-Sector-Model? State your answer after the macroeconomic system returns to complete
equilibrium. a. The real risk-free interest rate rises and nominal value of the domestic currency remains the same. b. The real risk-free interest rate falls and nominal value of the domestic currency remains the same. c. The real risk-free interest rate and nominal value of the domestic currency remain the same. d. The real risk-free interest rate rises and nominal value of the domestic currency rises. e. There is not enough information to determine what happens to these two macroeconomic variables.
Figure 17-13
In , the world price of a baseball is $3. With free trade, how many baseballs will the United States import?
a.
4,000
b.
6,000
c.
8,000
d.
10,000
e.
12,000