A. endogenous
B. exogenous
C. beta
D. convergence
A. the principle of comparative advantage
B. the principle of absolute advantage
C. an outward-looking growth strategy
D. an inward-looking growth strategy
A. Canada
B. United States
C. Brazil
D. Russia
A. Japanese exports become more expensive to foreign buyers
B. Japanese exports become less expensive for foreign buyers
C. Japanese imports become less expensive for German buyers
D. Japanese imports become more prestigious to German buyers
A. supply condition only
B. demand conditions only
C. supply and demand conditions
D. can’t tell without more information
A. stagflation in the late 1970s
B. demand-pull inflation in the 1960s
C. low growth rates in the 1950s
D. The prolonged existence of high unemployment during the Great depression
A. the marginal product of capital times the price of labour.
B. the additional revenue a firm earns by employing on additional unit of labour
C. the additional profit a firms earns by employing one additional unit of labour
D. the additional revenue the firm makes by selling one unit of labour.