Compared to the present value of a high school education, the present value of at least a college ...

Compared to the present value of a high school education, the present value of at least a college education is
 a. 100 times as great
  b. nearly double
  c. the same
  d. about half
  e. Present value cannot be used to analyze education

QUESTION 2

Imagine that there are only two nations in the world, the United States and Mexico. If Americans buy more goods made in Mexico, other things constant, the
 a. U.S. demand curve for Mexican pesos will shift rightward
  b. U.S. demand curve for Mexican pesos will shift leftward
  c. U.S. supply curve of Mexican pesos will shift leftward
  d. U.S. supply curve of Mexican pesos will shift rightward
  e. U.S. supply curve of Mexican pesos will shift upward

QUESTION 3

Laura Kaid owns a business and is willing to invest in capital until, at the margin, her investment yields a cash stream with a present value less than the marginal cost of the investment.
 a. True
  b. False

QUESTION 4

Suppose U.S. consumers start buying more English shoes and fewer U.S. shoes. What impact will this trend have on the foreign exchange market?
 a. U.S. demand for foreign exchange, in general, and British pounds, in particular, will increase.
  b. U.S. demand for foreign exchange, in general, and British pounds, in particular, will decrease.
  c. U.S. demand for British pounds will increase, but the demand for foreign exchange will probably decrease.
  d. U.S. demand for British pounds will decrease, but the demand for foreign exchange will probably increase.
  e. There is no effect on foreign exchange.

QUESTION 5

Economic development around the globe will be affected by how society nurtures incentives to create new
 a. ideas
  b. inventions
  c. only ideas and inventions
  d. only ideas and artistic creations
  e. ideas, inventions, and artistic creations

QUESTION 6

Which of the following best describes a graph showing the supply and demand for foreign exchange?
 a. The quantity of foreign exchange is on the horizontal axis and the quantity of the domestic currency is on the vertical axis.
  b. The quantity of the domestic currency is on the horizontal axis and the quantity of foreign exchange is on the vertical axis.
  c. The quantity of foreign exchange is on the horizontal axis and the price of foreign exchange in terms of the domestic currency is on the vertical axis.
  d. The quantity of foreign exchange is on the vertical axis and the price of foreign exchange in terms of the domestic currency is on the horizontal axis.
  e. The quantity of the domestic currency is on the horizontal axis and the price of foreign exchange in terms of dollars is on the vertical axis.