From the early 1980's through the 1990's, the nominal interest rate
a. fell because the Fed got inflation under control.
b. fell because the Fed let inflation get out of control.
c. rose because the Fed got inflation under control.
d. rose because the Fed let inflation get out of control.
a
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Given the information in the table above, if the world equilibrium price of widgets were 40 cloths, then
A) both countries could benefit from trade with each other. B) neither country could benefit from trade with each other. C) each country will want to export the good in which it enjoys comparative advantage. D) neither country will want to export the good in which it enjoys comparative advantage. E) both countries will want to specialize in cloth.
A market structure in which only one firm has survived because of its economies of scale is called a
A. natural monopoly. B. planned monopoly. C. structural monopoly. D. free monopoly.
If the market price is $25, the average revenue of selling five units is
A) $5. B) $12.50. C) $25. D) $125.
A $100 million loan with a haircut of four percent requires collateral valued at ________
A) $104 million B) $96 million C) $4 million D) $400,000