1)A weakening U

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1)A weakening U.S. dollar means that?

a.There will soon be a trade deficit

b.Foreign good prices are not changing for Americans

c.Foreign goods are more expensive to Americans

d.Foreign goods are cheaper to Americans

 

2.In the Neoclassical model, increasing spending only leads to?

a.Higher inflation in the long run

b.An increase in natural unemployment

c.Lower CPI

d.Lower unemployment in the long run

 

3.Which of the following is true of monetary policy?

a.It is better at slowing growth

b.It is better at increasing spending

c.It is more direct than fiscal policy

d.It is controlled by elected politians in the U.S.

 

4.The difference in the various levels of money supply are best distinguished by?

a.Governmental control of the assett

b.The Federal Reserves regulation over the affected assett

c.Investors

d.Liquidity

 

5.If Chinese consumers develop a sudden interest in a new U.S. product, it will cause the U.S. dollar to?

a.You can not determing from the given information

b.Remain unaffected

c.Strengthen

d.Weaken

 

6.If Chinese consumers develop a sudden interest in a new U.S. product, it will cause the Chinese yaun to?

a.Remain unaffected

b.Strengthen

c.You can not determine for the given information

d.Weaken

 

7.If an externality exists in a trade relationship, such as an unrecognized health risk, then

a.Trade should be ended via an embargo

b.No change in the market is necessary

c.Trade should be allowed, and consumers educated

d.The value of trade should be weighed against the cost of the externality to decide if trade is to procede

 

8.Barter economies are limited in how far they can grow due to what issue?

a.Coincidence of wants

b.No comparative advantage

c.Lack of natural resources

d.Money supply not matching the need

 

9.Despite access to resources and a long history of human civilization, many African countries remain low income due to?

a.A lack of stable governments

b.A lack of Oil reserves

c.Failure to implement existing technologies

d.Their inability to innovate new products and technologies