The world has had a freely floating exchange rate system since
A. 1933.
B. 1946.
C. 1964.
D. 1973.
D. 1973.
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If the firm hires 5 workers, the average cost equals
a. $250 b. $50 c. $5 d. Need more information
Which of the following is a loan that entitles the lender to get regular interest payments over time, and then to get back the principal at the end of the term of the loan?
A. A revolving credit account B. A mutual fund C. A share of stock D. A bond
One of the reasons that import substitution is popular is that
a. there was never any demand for the products in question b. infant industries would have to compete against global rivals c. it benefits suppliers to the favored domestic industries d. it slows down the progression through the production chain e. the emphasis is on comparative advantage and trade expansion
The base year in the consumer price index (CPI) is:
a. given a value of zero. b. a year chosen as a reference for prices in all other years. c. always the first year in the current decade. d. established by law.