Growth rates in labor productivity (a) increased in the 1970s. (b) slowed across all employment sectors, with some experiencing more severe drops than others. (c) decreased across all employment sectors at the same rate. (d) were largely stagnate. ANSWER (b)
Date: September 10th, 2020
Assuming the United States sends foreign aid payments to another country. Then, this is shown in the U.S. balance of payments account as a a. credit in the current account. b. debit in the current account. c. debit in the capital account. d. credit in the capital account. e. credit in the official reserve transactions […]
Date: September 10th, 2020
The Desert Land Act (1877) and the Cary Act (1894) liberalized the terms for preemption that had been set originally in the 1862 Homestead Act. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
The Articles of Confederation and Perpetual Union (1781) adequately addressed the free-rider problems by setting up a tax system that required all states to share the costs of providing national defense, protecting private property rights, regulating commerce with other countries and across states and upholding a system of laws. Indicate whether the statement is true […]
Date: September 10th, 2020
Chandler (1994) maintains that domestic labor productivity has a tendency to dip with (a) a decrease in the variety and number of new goods and services. (b) flat consumer demand. (c) increased foreign competition. (d) all of the above. ANSWER (d)
Date: September 10th, 2020
Which of the following illustrates the economic inefficiencies of government regulation? (a) Railroad rate increases are set by a government agency and these increases fall below increases in repair and depreciation costs but railroad passengers are satisfied. (b) Competitive railroad rates are determined by the buying and selling actions of those in the railroad industry. […]
Date: September 10th, 2020
Targeting money growth will lead to stable output growth only if a. money demand and velocity change proportionally with output. b. fiscal policy remains unchanged. c. money demand and velocity are stable. d. the IS curve is steep. ANSWER C
Date: September 10th, 2020
According to the Monetarists, the real effect of monetary policy on output is a. long-lasting and unpredictable. b. predictable and beneficial. c. nonexistent in the short run. d. always less than fiscal policy ANSWER A
Date: September 10th, 2020
The exchange rate between the dollar and the euro is a. the price of European goods relative to U.S. goods. b. the price of U.S. goods relative to European goods. c. the number of euros you get for lending one dollar to a European for a year. d. the number of euros you get for […]
Date: September 10th, 2020
Which of the following are advantages of greater exchange rate flexibility? a. The alleviation of potential conflicts that arise between the internal balance and the external balance. b. The insulation of the domestic economy from economic shocks. c. An expansion abroad would have contractionary effects on the domestic economy. d. Both a and b e. […]
Date: September 10th, 2020
