The sale of Chinese goods in the United States of America has increased over the past few months. This will cause the:
a. U.S. dollar to appreciate against the Chinese yuan.
b. U.S dollar to strengthen against the Chinese yuan.
c. Chinese yuan to appreciate against the U.S. dollar.
d. Chinese yuan to depreciate against the U.S. dollar.
c
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Insurance can be profitable when it
A) eliminates risks. B) decreases risks. C) pools risks. D) changes the individual's marginal utility of wealth.
Used car buyers believe a car is good quality when the seller signals the car's quality by offering a warranty because
A) car sellers would never lie. B) car buyers are gullible. C) the signal cannot be false. D) a false signal can be costly to the seller.
A carefully written partnership agreement can maximize the advantages of the partnership structure and minimize the potential disadvantages. Which of the following points will help in writing an effective partnership? agreement?
A. A partnership agreement should strictly follow only the state? laws, as they will drive the business. B. Incorporate a broad and general understanding of what the business association will be to allow for flexibility. C. A great personal partnership cannot get in the way of a successful business partnership. D. Address the hopes of each? owner, decision-making? strategies, and succession and exit strategies. E. ?Dispute-resolution procedures should be? avoided, as they apply to corporations.
Which of the following events would likely cause the largest reduction in current consumption?
A) a permanent reduction in annual salary of $2000 B) a one-time tax increase of $4000 C) a one-time reduction in income (e.g. a bonus) of $4000 D) both B and C