Offshore banking can take place at which institution?
A) agency office only
B) subsidiary bank only
C) foreign bank only
D) subsidiary bank and foreign bank
E) agency office, subsidiary bank, and foreign bank
E
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Refer to Exhibit 10-5 When TE is $200 billion, what state is the economy in?
A) TE < TP, individuals are buying less output than firms produce. B) TE > TP, individuals are buying more output than firms produce. C) TE = TP, the economy is in equilibrium. D) TE < TP, individuals are buying more output than firms produce. E) TE > TP, individuals are buying less output than firms produce.
A boss can type 200 words per minute and sell 2000 units of the company's product in one day. His assistant can type 150 words per minute and sell 1000 units of the company's product in one day. Discuss who has absolute and comparative advantages in the "production" of typing and selling.
What will be an ideal response?
The law of diminishing returns implies that, with the quantity of capital fixed, as the use of labor rises
A) total product will fall eventually. B) the marginal product of labor will fall eventually. C) the total product of labor will fall below the marginal product of labor. D) the production process will become technologically inefficient eventually.
The entity that issues a bond is called the
a. debtor b. creditor c. bond-issuing agent d. licensed bonder e. c and d