The spot rate is the rate at which foreign currencies will be exchanged a specified number of days in the future
Indicate whether the statement is true or false
FALSE
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Isoquants that are downward-sloping straight lines imply that the inputs
A) are perfect substitutes. B) are imperfect substitutes. C) cannot be used together. D) must be used together in varying proportions.
Anna's Antiques expects to get two bidders for the unique china teacup it sells. Each of the bidders can either have a high-value of $100 or a low-value of $70 with equal probability. What is the expected revenue from setting the price at $70?
a. $60 b. $70 c. $80 d. $100
City streets, sewage systems, and police protection are all examples of
a. public goods b. private goods c. exclusive goods d. rival goods e. consumer goods
Which of the following securities has the greatest risk?
a. commercial paper b. corporate bonds c. corporate common stocks d. U.S. Treasury bills e. state and local government bonds