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