Refer to Table 11.2. At the exchange rate of $1.80 per pound, there is an ____ for pounds. This imbalance causes ____ in the price of the pound, which leads to ____ in the quantity of pounds supplied and ____ in the quantity of pounds demanded.
a. excess supply, a decrease, a decrease, an increase
b. excess supply, an increase, a decrease, an increase
c. excess demand, an increase, an increase, a decrease
d. excess demand, an increase, a decrease, an increase
a. excess supply, a decrease, a decrease, an increase
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Which of the following products/services is high in search qualities?
A) jewelry B) child care C) television repair D) legal services
All of the following indicate growth of public relations-type jobs in government EXCEPT ________
A) the number of new federal regulatory agencies that have sprung up since the 1970s B) recent updates to the Gillette Amendment C) the number of government agencies or programs that regulate business D) increased opportunities in the Department of Defense
Once a group of employees elects a union, another representation election cannot be held for another _______________________________ months.
Fill in the blank(s) with the appropriate word(s).
Suppose the interest rate on a 1-year T-bond is 5.00% and that on a 2-year T-bond is 6.80%. Assume that the pure expectations theory is NOT valid, and the MRP is zero for a 1-year T-bond but 0.40% for a 2-year bond. What is the yield on a 1-year T-bond expected to be one year from now? Round the intermediate calculations to 4 decimal places and final answer to 2 decimal places.
A. 7.43 B. 8.52 C. 6.57 D. 7.82 E. 5.86