Spending time and money on education are costs of investing in human capital
Indicate whether the statement is true or false
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Which of the following statements is true of rational expectations?
A) Rational expectations forecasts are always correct. B) For a trader with rational expectations, the expectation of an asset's price equals the optimal price forecast. C) If traders have rational expectations, any announcement by a company will have an effect on its stock price, even if the market was already aware of the facts being announced. D) If a trader really has rational expectations, he or she was always earn a greater than normal return on his or her financial portfolio.
Which of the following is the least likely to be a competitive market?
a. ice cream b. soybeans c. cable television d. new houses
Samantha is lending Jack $1,000 for one year. The CPI is 1.60 at the time the loan is made, and they both expect it to be 1.68 in one year. If Samantha and Jack agree that Samantha should earn a 3 percent real return for the year, the nominal interest rate on this loan should be ________ percent.
A. 8 B. 11 C. 3 D. 5
Each of the following would decrease the demand for U.S. dollars, shifting the demand curve for dollars to the left, EXCEPT:
A. a decrease in real GDP abroad. B. a depreciation of foreign currencies relative to the U.S. dollar. C. a decreased preference for U.S.-made goods. D. a decrease in the real interest rate on U.S. assets.