A measure of a country's production is its
A) general domestic production.
B) gross domestic product.
C) gross daily production.
D) general daily product.
E) gross total output.
B
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Which of the following constrain (that is, limit) a firm's profits? I. its technology II. its information III. the market in which it operates
A) I only B) I and II C) II and III D) I, II and III
The distinction between a "secured" lender and an "unsecured" lender is that in the event of the bankruptcy of the borrower
A) the unsecured lender has first claim on collateral. B) the secured lender has first claim on collateral. C) the secured lender has a first claim on all of the assets of the bankrupt borrower. D) the unsecured lender has a first claim on all of the assets of the bankrupt borrower.
In the short run, there are large and persistent deviations between actual exchange rates and exchange rate predicted using purchasing power parity because of:
a. Discretionary monetary policy. b. Discretionary fiscal policy. c. Different market baskets in the two nations. d. Widely different inflation rates in the two nations. e. All of the above.
Which of the following are U.S. taxpayers allowed to adjust for inflation for the purpose of income taxes?
a. both interest income and capital gains. b. interest income but not capital gains. c. capital gains but not interest income. d. neither interest income nor capital gains.