Question: No explanation needed! Please state if answer is A, B, C or D Question 11 Which of the following would not be a motive for
No explanation needed! Please state if answer is A, B, C or D
Question11
Which of the following would not be a motive for an individual to hold money?
a.
To make transactions
b.
To reap the interest gained from holding money
c.
To cover unforeseen expenses
d.
To make transaction in the bond market
Question12
The M3 measure of money supply does not include the components of the M1 measure of money supply.
Select one:
True
False
Question13
A main advantage of specialization results from:
a.
High wages paid to foreign workers
b.
The specializing country behaving as a monopoly
c.
Smaller production runs resulting in lower unit costs.
d.
Economics of large scale production
Question14
Country: Output per Labor Hour
AB
Product X618
Product Y84
If the countries were to trade along the lines of absolute advantage:
a.
Neither country would want to trade
b.
A would export X to B
c.
B would import Y from A
d.
None of the above
Question15
According to the ______ argument for protection, tariffs can shield new industries from import competition until they have grown strong and efficient enough to withstand the competition by foreign producers.
a.
scientific tariff argument
b.
foreign dumping argument
c.
beggar they neighbor argument
d.
infant industry argument
Question16
If money could not be stored over time, then it cannot solve the problem of double coincidence of wants.
Select one:
True
False
Question17
Money demand will decrease if the price level _____or________. if real GDP increases
a.
Decreases, decreases
b.
Increases, decreases
c.
Decreases, increases
d.
Increases, increases
Question18
A depreciation of your currency indicates that your currency has gotten stronger
Select one:
True
False
Question19
Country: Output per Labor Hour
AB
Product X618
Product Y84
Country A has an absolute advantage in?
a.
Both of the goods
b.
Product Y
c.
Neither of the goods
d.
Product X
Question20
If Mexico has a comparative advantage in the production of oil compared to France, then
a.
Mexico can produce oil at a lower opportunity cost than France.
b.
France cannot produce oil.
c.
France has an absolute advantage in the production of oil.
d.
Mexico also has an absolute advantage in the production of oil.
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