A_____ level of trade indicates that a good portion of the nation’s ______ is exported.

a. low; production
b. high; production
c. high; capital
d. low; capital

b. high; production

Economics

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The "V" in the equation of exchange MsV = PY refers to

A) the velocity of inflation. B) a variable. C) income velocity of money. D) a vector that links P to Y.

Economics

At an interest rate of 5 percent, the present value of $1,000 to be received two years from today is

A) less than $875. B) between $875 and $925. C) between $925 and $975. D) more than $975.

Economics