Foreign factories produce ________ of the shoes New Balance sells in the United States
A) none B) less than 15 percent
C) roughly half D) about 75 percent
D
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An increase in the price of a good would
a. decrease the demand for the good. b. decrease the quantity demanded for the good. c. increase the demand for the good. d. decrease the quantity supplied of the good.
Assume that the central bank increases the reserve requirement. If the nation has low mobility international capital markets and a flexible exchange rate system, what happens to real GDP and net nonreserve-related international borrowing/lending in the context of the Three-Sector-Model?
a. Real GDP falls, and net nonreserve-related international borrowing/lending becomes more negative (or less positive). b. Real GDP rises, and net nonreserve-related international borrowing/lending becomes more negative (or less positive). c. Real GDP falls, and net nonreserve-related international borrowing/lending becomes more positive (or less negative). d. Real GDP and net nonreserve-related international borrowing/lending remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.