Which of the following is higher in Mali than in the United Kingdom?
a. Modern sanitation access
b. Income per person
c. Child mortality
d. Percent of the population enrolled in college
c
Economics
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Suppose a deposit in New York earns 6 percent a year and a deposit in London earns 4 percent a year. Interest rate parity holds if the
A) U.S. dollar appreciates by 2 percent a year. B) U.S. dollar depreciates by 2 percent a year. C) U.K. pound depreciates by 2 percent a year. D) None of the above answers is correct because interest rate parity requires that the interest rates be the same in both countries.
Economics
The phrase "no such thing as a free lunch" means
a. people must face tradeoffs. b. rational people think at the margin. c. people respond to incentives. d. trade can make everyone better off.
Economics