On average, the inventory/sales ratio has been ________ over time.
A. increasing
B. unchanged
C. declining
D. very volatile
Answer: C
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Trade surplus is the excess of exports over ________
A) capital outflows B) factor payments C) transfers D) imports
Refer to Figure 19-7. If the Indian government pegs its currency to the dollar at a value above $.02/rupee, we would say the currency is
A) parity valued. B) undervalued. C) overvalued. D) equilibrium valued.
If in an efficient market all prices are correct and reflect market fundamentals, which of the following is a FALSE statement?
A) A stock that has done poorly in the past is more likely to do well in the future. B) One investment is as good as any other because the securities' prices are correct. C) A security's price reflects all available information about the intrinsic value of the security. D) Security prices can be used by managers to assess their cost of capital accurately.
Data indicate that the economy's response to monetary policy became noticeably weaker and more stretched out during
A) 1961-75. B) 1976-90. C) 1991-2007. D) None of the above. The response has grown stronger and shorter.