The phase in the business cycle marked by a relatively high level of real GDP, full employment, and inflation is called
a. a recession
b. a peak
c. prosperity
d. a recovery
e. a trough
C
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In economics, marginal means
a. incremental or decremental b. unimportant c. level or size d. a border-line situation e. a bad alternative
What is the current market price of a bond that pays $200 per year indefinitely and has a current yield of 16 percent?
a. $800 b. $1250 c. $3,200 d. $8,000 e. $12,500
Which of the following could lead to a decrease in worker productivity?
a. An increase in the physical capital stock b. A decrease in the number of workers c. A war that destroys an enormous amount of plant and equipment d. An increase in the physical capital stock e. A decrease in the human capital stock
Hudson Manufacturing is an MNE based in the United States with operations in Asia. The firm is considering expansion into the European Union. Which of the following questions is most relevant to the decision?
A) What is the primary language of most workers? B) Which country has the best production location? C) Which currency has the most favorable value of the euro? D) Which country has the lowest tariffs for manufactured products?