Author: Anonymous

Name the depressed area that the pointer is resting in of the previously named bone. _______

In an embargo, a country:

Assume that country X has a money supply that is 2 times as large as the money supply in country Y. And, country X has a real GDP that is $850,000,000 and country Y has a real GDP that $600,000,000. Using the quantity theory of money, we can estimate an exchange rate of _____ of X’s currency for 1 units of Y’s currency.   

The exchange rate for the Thai Baht moves from 32.75 Baht/$ to 32.99 Baht/$. This tells you that _________ against the dollar.  

Economists debate whether free trade is good or bad for a nation. There is not yet a consensus. 

You go to exchange money and find that the exchange rate is now 34.1 Baht/USD. This means the Baht is worth _______ USD. (Carry to 4 digits behind decimal.))

Name the specific raised area of the previously named bone that the pointer is pointing to. _______

Name the specific bone that the pointer is pointing to. Tell me everything! _______

The following table illustrates what can be produced in 1 day with the same stock of resources in Slovakia and Croatia. Use the information to answer the following questions.     potatoes  wheat Slovakia 50 25 Croatia 30 18 Opportunity cost of potatoes for Croatia is _______ wheat: (round to 2 digits behind the decimal if applies)

Name the specific area of the previously named bone that the pointer is pointing to. _______