As an MNC based in the country of Westeros, suppose your firm currently has positive exposure to the Valerian pound. With expanding input needs, you expect to take on a substantial negative exposure to the Quarthian dollar. The Valerian pound and Qarthian dollar are negatively correlated. As such your firm's overall exchange rate exposure is expected to
Ans: Decline
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A share of stock might be included in the definition of the money supply since it serves which of the following functions of money?
A) unit of account and a store of value B) store of value C) medium of exchange since it can be easily sold D) B and C are both correct.
Which of the following is an example of a positive, as opposed to normative, statement?
a. The federal government should decrease coverage of unemployment benefits to stimulate the economy out of the recession. b. Congress should agree on lower government spending for the next fiscal year. c. The Federal Reserve Bank should increase interest rates in response to the higher-than-expected inflation in the economy. d. The unemployment rate last year was lower than any other year in the last century.
GATT is the acronym (or abbreviation) for:
a. the General Agreement on Taxes and Tariffs. b. the General Agreement on Tariffs and Trade. c. the General Agreement on Trade and Taxes. d. the General Agreement on Trade.
After some point successive equal increases in a variable factor of production, when added to a fixed amount of inputs, will result in smaller increases in output. This is known as
A) the long run. B) the law of diminishing marginal product. C) marginal physical product. D) short run average cost.