Which of the following is more nearly consistent with a global savings glut?
A) high interest rates and the global savings-World GDP ratio is low
B) low interest rates and the global savings-World GDP ratio is low
C) high interest rates and the global savings-World GDP ratio is high
D) low interest rates and the global savings-World GDP ratio is high
E) none of the above
D
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A noncooperative outcome after the center nation has undertaken a stabilization policy in response to an asymmetric shock would be that the:
A) center country abandons its own stabilization policy in favor of the home country. B) home country absorbs the losses resulting from the stabilization policy in the center country. C) center country makes concessions, recognizing the impact on the home country and thereby sharing the pain. D) peg is temporarily abandoned.
Marginal revenue product is
A) marginal physical product times marginal factor cost. B) marginal physical product times marginal revenue. C) average physical product times marginal revenue. D) marginal physical product times the wage rate.