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 highly mobile international capital markets and a flexible exchange rate system, what happens to the real GDP and net nonreserve-related international borrowing/lending in the context of the Three-Sector-Model?
a. Real GDP rises, and net nonreserve-related international borrowing/lending becomes more positive (or less negative).
b. Real GDP falls, and net nonreserve-related international borrowing/lending falls.
c. Real GDP falls, and net nonreserve-related international borrowing/lending becomes more positive (or less negative).
d. There is not enough information to determine what happens to these two macroeconomic variables.
e. Real GDP and net nonreserve-related international borrowing/lending remain the same.
Question 2 - Which of the following is true about the Bitcoin:
a. Bitcoin transactions are not cleared through clearing houses, such as Mt. Gox.
b. Bitcoin has a fixed exchange rate relative to the U.S. dollar and other currencies.
c. A Bitcoin can be purchased and sold via foreign exchange dealers, just like the dollar or euro.
d. Bitcoin transactions are highly visible and, therefore, taxable events.
Question 3 - One of the early founders of the European welfare state
a. Marx
b. Kaiser Wilhelm
c. DeGaule
d. Bismarck
e. Erhardt
Question 4 - 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 highly mobile international capital markets and a flexible exchange rate system, what happens to the real GDP and reserve-related (central bank) transactions in the context of the Three-Sector-Model?
a. There is not enough information to determine what happens to these two macroeconomic variables.
b. Real GDP rises, and reserve-related (central bank) transactions become more positive (or less negative).
c. Real GDP and reserve-related (central bank) transactions remain the same.
d. Real GDP rises, and reserve-related (central bank) transactions remain the same.
e. Real GDP falls, and reserve-related (central bank) transactions become more negative (or less positive).
Question 5 - Which of the following is true about the Bitcoin:
a. Bitcoin transactions are anonymous, irreversible, and practically impossible to trace.
b. Bitcoin transactions are cleared through clearing houses, such as Mt. Gox.
c. Bitcoin has a fixed exchange rate relative to the U.S. dollar and other currencies.
d. A Bitcoin can be purchased and sold via foreign exchange dealers, just like the dollar or euro.
e. Bitcoin transactions are highly visible and, therefore, taxable events.
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