AP Macro: Unit 6 Review

Question 1

Identify the a capella group performing this classic Christmas song

Accepted Answer

Indiana University's Straight No Chaser

Question 2

Identify the a capella group performing this classic Christmas song

Accepted Answer

Pentatonix

Question 3

The U.S. and England are trading partners. When the Supply of U.S. Dollars decreases...

Accepted Answer

The U.S. Dollar appreciates, The British Pound depreciates

Question 4

Ethiopia and Laos are trading partners. Which country demand the Ethiopian Birr in the FOREX graph?

Accepted Answer

Laos

Question 5

Which of the following will lead to an increase in the Supply of the United States Dollar?

Accepted Answer

An increase in the Incomes in the United States.

Question 6

Identify the a capella group performing this classic Christmas song

Accepted Answer

The Cimorelli Family

Question 7

Which of the following would cause the U.S. Dollar to depreciate relative to the South Korean Won?

Accepted Answer

An increase in popularity of South Korean television and movies.

Question 8

A country with a stable GDP growth rate of 3.5% will see it's economy double in size in how many years?

Accepted Answer

20

Question 9

Which of the following will most likely lead to economic growth?

Accepted Answer

Investing in infrastructure and development of human capital

Question 10

The exchange rate is defined as the price of

Accepted Answer

A country's currency expressed in terms of another country's currency

Question 11

In the FOREX graph for the U.S. and Canada, who Demands Canadian Dollars?

Accepted Answer

American Consumers

Question 12

Identify the a capella group performing this classic Christmas song

Accepted Answer

Home Free

Question 13

Which of the following best defines human capital?

Accepted Answer

A worker's education, skills, and experience.

Question 14

The United States gives $1 million in aid to Canada. This would be initially recorded as...

Accepted Answer

A debit in the U.S. Current Account

Question 15

An increase of $250,000 in the U.S. Financial Account should be accompanied by...

Accepted Answer

A decrease of $250,000 in the Current Account

Question 16

Disney, an American company, earns money from theme parks overseas. This would be initially recorded as...

Accepted Answer

A credit to the U.S. Current Account

Question 17

Canada and Russia are trading partners. In the FOREX, when Demand for the Canadian Dollar increases...

Accepted Answer

Supply of the Russian Ruble Increases

Question 18

Irish investors buy $100,000 worth of bonds from India. This would be initially recorded as...

Accepted Answer

A Credit to the Indian Financial Account

Question 19

Economic Growth can be modeled by showing a(n)...

Accepted Answer

Rightward shift of the Long Run Aggregate Supply Curve, Outward shift of the Production Possibilities Curve

Question 20

Which of the following will increase demand for the Jordanian Dinar?

Accepted Answer

Jordanian packaged snack foods become extremely popular internationally.

Questions 20