Figure 15-1 above displays the consumption pattern over the lifetime of an individual. Saving and asset accumulation occur during the years ________ according to ________ theory of consumption
A) R to L; Keynes'
B) R to L; Modigliani's
C) O to R; Friedman's
D) O to R; Modigliani's
D
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On the expiration date of a futures contract, the price of the contract converges to the
A) purchase price of the contract. B) average price over the life of the contract. C) price of the underlying asset. D) average of the purchase price and the price of the underlying asset.
Which of the following is foreign portfolio investment sometimes called?
A. Hot investment B. Quick sale C. Hot money D. Wasteful investment
An increase in government spending
a. increases the interest rate and so investment spending increases. b. increases the interest rate and so investment spending decreases. c. decreases the interest rate and so increases investment spending increases. d. decreases the interest rate and so investment spending decreases.
Which is the best approach to analyzing migration in the long run?
a. the specificfactors model with no resource mobility across borders b. the specificfactors model with free movement of labor across borders c. the HeckscherOhlin model with free movement of labor across borders d. the HeckscherOhlin model with no resource mobility across borders