Suppose it is discovered that consumption of chocolate leads to a longer life. This information would lead to
A. an increase in quantity demanded of chocolate.
B. a decrease in demand for chocolate.
C. an increase in demand for chocolate.
D. a decrease in quantity demanded of chocolate.
Answer: C
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All of the following are sources of comparative advantage except
A) technology. B) climate and natural resources. C) a strong foreign currency exchange rate. D) relative abundance of labor and capital.
Present the case for floating exchange rates
What will be an ideal response?
A student who just graduated from college but has not found a job would most likely be
A) frictionally unemployed. B) structurally unemployed. C) cyclically unemployed. D) seasonally unemployed.
Securitization:
A. turns many loans into a single larger asset. B. is an agreement in which a lender gives money to a borrower in exchange for a promise to repay the amount loaned plus an agreed-upon amount of interest. C. is a promise by the bond issuer to repay the loan, at a specified maturity date, and to pay periodic interest at a specific percentage rate. D. turns many loans into a risk-free secure asset.