As of the end of 1994 which of the countries in our survey had the smallest proportion of stock held by foreigners?
A) The United Kingdom
B) The United States
C) Japan
D) Germany
C
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Assume the exchange rate is 1 U.S. dollar equals 1.10 Canadian dollars. If purchasing power parity is correct, a DVD that has a price of $10 in Rochester, New York, in Canada has a price of ________ Canadian dollars
A) 10.00 B) 10.10 C) 11.00 D) 11.11 E) 9.09
The principal reason we no longer see huge herds of bison (popularly known as "buffalo") on the American prairies is because
A) the bison has been declared an endangered species. B) the bison have not been declared an endangered species. C) the bison were slaughtered in the 19th century in a wasteful manner. D) the bison were slaughtered in the 19th century in response to financial incentives. E) the people who own prairie land usually don't want bison on their property.
The above table gives the initial balance sheet for Mini Bank. If the bank's desired reserve ratio is 10 percent, how much does this bank have in excess reserves?
A) $60 B) $90 C) $40 D) $10
If planned aggregate expenditure is above potential GDP and planned aggregate expenditure equals GDP, then
A) the economy is in an expansion. B) actual inventory investment will be less than planned inventory investment. C) actual inventory investment will be greater than planned inventory investment. D) the economy is at full employment.