Economic Exam make sure to explain well your answers. Q9: True False Social Secu

Question

Economic Exam

make sure to explain well your answers.

Q9:

True False Social Security payments are included in the measure of GDP True False When you buy a TV made in Japan, the U.S. GDP decreases True False Inflation is always hurtful to our economy True False Policymakers would like to achieve 0% unemployment rate True False The current chairman of Federal Reserve is Ben Bernanke True False Oklahoma is a part of Dallas Federal Reserve branch True False Federal Reserve is responsible for formulating monetary policy True False When interest rates rise, people want to invest more True False U.S. and Germany use fixed exchange rate when exchanging $ for euro True False In the market for U.S. dollar, the demand is represented by foreigners who would like to have $$$ True False Pegged exchange rate is better than a flexible exchange rate True False Big Mac index shows how much Big Mac costs in other countries in $ U.S. True False When you buy a TV made in Japan, the U.S. imports increase True False United States has a trade deficit True False Dollar appreciation benefits U.S. producers True False Tariffs benefit U.S. consumers True False Open trade is benefiting both developed and developing nations True False In recent decade the amount of foreign aid increased True False World Bank distributes aid from developed to developing nations True False Aid consultants and multinational corporations are major beneficiaries of aid programs.

Explanation / Answer

1. False

2. True

3. False

4. True

5. False

6. False

7. True

8. False

9. False

11. True

12. True

13. True

14. True

15. False

16. False

17. True

18. True

19. True

20. True

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