Consider the following economic agents:
a. the government
b. consumers
c. producers

Who, in a modern mixed economy, decides what goods and services will be produced with the scarce resources available in that economy?

Suppose that the UIP holds. If the U.S. interest rate is 9% and the eurozone interest rate is 5%, then in the short run we would expect:

a) the dollar to appreciate approximately by 4% b) the dollar to depreciate approximately by 4% c) the dollar to appreciate by 14% d) insufficient information is provided

The main reason why income per capita and income per worker varies across countries is because ________

A) prices vary across countries B) currencies vary across countries C) productivity varies across countries D) interest rates vary across countries