Our balance on current account was about minus $_________ billion in 2009.
A. 300
B. 420
C. 540
D. 660
B. 420
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A production function is
a. a technique for determining the most profitable rate of output. b. the relationship between a combination of inputs and a quantity of output. c. an important factor in determining the shape of the long-run supply curve. d. All of these.
In evaluating the required rate of return for equity financing of a capital project, the Beta value is
A) the expected rate of growth in a firm's profits. B) the expected future value of a firm's stock. C) the volatility in the rate of return on a firm's stock compared with the volatility in the rate of return on a market portfolio of stocks. D) None of the above
By 2011, how much had U.S. housing prices declined from their peak in 2006?
A) 2 percent B) 33 percent C) 40 percent D) 50 percent
If there is a sole producer of a good, and he faces no threat of competition, it is likely that:
A. government intervention will have no impact on the market. B. government intervention will raise prices to consumers. C. government intervention will increase total surplus. D. government intervention will make things better for buyers and sellers.