1. When the Central Bank increases the overnight rate it engages in contractionary FISCAL policy.

True or false.

2. Brazil treated its computer industry as an infant industry from the late 1970s until about 1990,barring imports of computer products. As a result, Brazil's computer industry became internationally competitive by the mid-1980s.

Select one:

True

False

3.Labour force participation rate is the ratio between the number of employed persons and the labour force.

Select one:

True

False