Question
Need an expert in macroeconomics to answer these 10 questions 21. Encouraging international trade will Speed economic growth as workers specialize and trade with others
Need an expert in macroeconomics to answer these 10 questions
21. Encouraging international trade will
- Speed economic growth as workers specialize and trade with others
- Speed economic growth because international trade limits the harm done by property rights
- Speed economic growth as workers diversify their knowledge and limit trade
- Slow economic growth when a country is forced to specialize and trade with other countries
22. Money market mutual funds
- Are included in M1 but not M2
- Are the largest part of the monetary base
- Are included in M1 but not M2
- Are included in M1 but not M2
23. The working age population includes
- Those is jails and hospitals
- Youngsters between the age of 14 and 16 if they are working at least part time
- Employed and unemployed people over the age of 16
- Only employed people over the age of 16
24. The type of unemployment that arises from a decrease in real GDP is called
- Structurally unemployment b. Frictionally unemployment
c. Cyclical unemployment d. Seasonal unemployment
25. Category Number of people
Total population 305
Less than 16 years of age 30
Over 65 years of age 5
Institutionalized 15
Part-time workers 40
Full time workers 145
Actively looking for work 10
In the US Armed forces 20
Using the table above, the unemployment rate is
- 5.22%
- 5.71%
- 5.13%
- 6.45%
26. Discretionary fiscal policy is defined as fiscal policy
- Initiated by act of Congress
- Triggered by the state of the economy
- Initiated by a presidential proclamation
- With multiplier effects
27. As technology advances,
- The PPF shift inward because unemployment occurs
- A country moves toward the midpoint along its PPF
- All opportunity costs increase
- The PPF shift outward
28. What is the prisoners' dilemma?
- Two prisoners acting in their own best interest harm their join interest
- Duopolies almost always reach their best outcome
- Firms should not enter a legal duopoly
- Prisoners do not act interdependently
29. Which of the following Federal Reserve banks carries out the decisions of the FOMC?
- The New York Federal Reserve bank
- The Dallas Federal Reserve bank
- The San Francisco Federal Reserve bank
- The Atlanta Federal Reserve bank
30. Open market operations are defines
- The buying and selling of securities by the Fed
- The amount banks can lend on each deposit
- The buying and selling of securities between banks
- The buying and selling of securities between banks
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