Biology Forums - Study Force

Virtual currency unit 2 (VCU2) is different from VCU1 because:
 a. VCU1 cannot be spent in the real world; VCU2 can be spent in the real world.
  b. VCU1 can only be purchased with real-word currencies. VCU2 can be purchased with real-world currencies and also earned in the virtual world.
  c. VCU1 cannot be converted into legal tender; VCU2 can be converted into legal tender.
  d. VCU1 can only be earned in the virtual world; VCU2 can be earned in the virtual world or purchased with legal tender.

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Question 2 - A rapid demographic transition should raise the saving rate
 a. True
  b. False

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Question 3 - Assume that the expectation of declining housing prices cause households to reduce their demand for new houses and the financing that accompanies it. If the nation has low mobility international capital markets and a flexible exchange rate system, what happens to the real GDP and current international transactions in the context of the Three-Sector-Model?
 a. Real GDP falls, and current international transactions become more negative (or less positive).
  b. Real GDP rises, and current international transactions become more negative (or less positive).
  c. Real GDP falls, and current international transactions rises.
  d. Real GDP rises, and current international transactions remain the same.
  e. There is not enough information to determine what happens to these two macroeconomic variables.

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Question 4 - If Sally Smith creates VCU1 by playing an online game, the effect is to cause the nation's:
 a. Monetary base to fall.
  b. M2 money supply to fall.
  c. M2 money multiplier to remain the same.
  d. M2 money supply to rise.

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Question 5 - The person credited with Chinese reforms
 a. Deng
  b. Mao
  c. Zhou
  d. Chaing
  e. Miller

[ 1 ]  .D

[ 2 ]  A

[ 3 ]  .C

[ 4 ]  .C

[ 5 ]  A

Makes tons more sense now!

:)