Movement of money to another country for fear of a sudden loss of value is
a. conditionality
b. default
c. debt service
d. capital flight
e. none of the above
D
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Which of the following statements is TRUE about contestable markets?
A) There are significant barriers to entry. B) Firms earn large economic profits. C) Each firm faces a perfectly elastic demand. D) There are few firms in the industry.
Residential construction is generally included in which category of GDP?
a. consumption b. investment c. government expenditures d. net exports
Nick has a certain amount of money that he wants to invest in a completely risk-free manner. He would most likely: a. deposit it in a bank or credit union
b. invest in a mutual fund. c. purchase shares on the stock market. d. hide the money somewhere in his or her home.
The Mikati Philippines Hard Rock Cafe has the exact same menu as the Hard Rock Cafe in New York. This is an example of a brand name enhancing market efficiency for U.S. tourists visiting the Philippines
a. True b. False Indicate whether the statement is true or false