Quiz 10.docx - Question 1 A nation should specialize in the...

  • No School
  • AA 1
  • 4

This preview shows page 1 - 3 out of 4 pages.

Question 1 A nation should specialize in the production of the product for which it has a(an): -Comparative advantage Question 2 If the dollar appreciates (becomes stronger) this causes: -All of the above Question 3 If a box of Swiss chocolate priced at 100 francs can be purchased for $50, the exchange rate is: -0.50 dollars per franc Question 4 An increase in the money supply: -Lowers interest rate, causing increase in investment and GDP Question 5 When interest rates rise, the quantity demanded of money held for the: -Speculative motive falls Question 6 A decrease in the money supply: -Raises interest rates, causing decrease in investment and GDP Question 7 A tariff is a: -Tax on imports
Image of page 1

Subscribe to view the full document.

Question 8 In international trade, an infant industry is one: -In the early stages of its development Question 9 In Exhibit 20-4, which one of the following actions could the Fed use to shift the AD curve from AD 3 to AD 2 ? -Raise the discount rate Question 10 Which of the following would cause the U.S. dollar to depreciate against the Japanese
Image of page 2
Image of page 3
  • Fall '19

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Ask Expert Tutors You can ask You can ask ( soon) You can ask (will expire )
Answers in as fast as 15 minutes