Faced with the gamble: heads you win $100; tails you lose $50, we would predict that a risk-neutral person would
A. refuse the gamble.
B. take the gamble but insure against any loses.
C. be indifferent between taking and not taking the gamble.
D. take the gamble.
Answer: D
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Refer to the scenario above. Real GDP of the country has grown by ________
A) 0.2% B) 10% C) 5% D) 20%
Which of the following factors would be considered by a fundamental analyst when predicting a firm's stock price?
a. recent changes in the stock's price b. the knowledge and skills of the firm's current management c. the marketing strategies of the firm's competitors d. a "head and shoulders" shape in a line graph of the firm's stock price e. both b and c
Sometimes, the taxes with the smallest excess burden are
A. progressive. B. regressive. C. proportional. D. digressive.
If the price of a good in a closed economy is lower than the world price, then with an open economy this country will be a ________ of that good.
A. price setter B. net importer C. price taker D. net exporter