The U.S. desire for foreign currency represents
A. A demand for U.S. dollars.
B. The foreign demand for U.S. exports.
C. A point of disequilibrium in the foreign exchange market.
D. A supply of U.S. dollars.
Answer: D
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According to economists, national defense can be supported through taxation because
A) national security generates no benefits for which any one would be willing to pay. B) people are insufficiently patriotic. C) taxation makes everyone pay in proportion to the benefits they receive. D) the people who refuse to pay the cost cannot easily be excluded from the benefits. E) we must choose between coercion through taxation and coercion through a draft.
The most significant change in the economic environment that changed the demand for financial products in recent years has been
A) the aging of the baby-boomer generation. B) the dramatic increase in the volatility of interest rates. C) the dramatic increase in competition from foreign banks. D) the deregulation of financial institutions.
Smoothing techniques are a form of ____ techniques which assume that there is an underlying pattern to be found in the historical values of a variable that is being forecast
a. opinion polling b. barometric forecasting c. econometric forecasting d. time-series forecasting e. none of the above
Discretionary fiscal policy involves
a. expansion of government revenues during a period of rapid growth. b. contraction of government revenues during a recession. c. automatic adjustments that affect the size of the budget deficit or surplus. d. an intentional change in taxation or government spending. e. both a and b.