Which of the following would not be a central issue in economics?
a. Who produces the goods?
b. How is production carried out?
c. Who consumes what?
d. What goods are produced?
e. When are goods consumed and produced?
E
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Assume a contractionary monetary policy causes real interest rates in the US to increase relative to Japan. In the short run, the value of the US dollar, the value of the Japanese yen, and the US balance of trade will most likely change in which of the following ways?
a. appreciate; appreciate; move toward deficit b. appreciate; depreciate; move toward deficit c. appreciate; depreciate; move toward surplus d. depreciate; depreciate; move toward surplus e. no change; appreciate; move toward deficit
From 2004 to 2006, the U.S. budget was ________, private saving was ________ domestic investment, and foreign borrowing was ________
A) in deficit, less than, needed to finance deficit B) balanced, roughly equal to, not needed to finance deficit C) balanced, less than, substantial. D) surplus, greater than, negligible