A closed economy is one that does not trade with other nations in either goods or assets.
Answer the following statement true (T) or false (F)
False
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Marginal cost
A) cuts average variable cost and average fixed cost at their lowest point. B) cuts average variable cost and average total cost at their lowest point. C) rises and then falls. D) is the mirror image of marginal product.
When a company sells stock for the first time to raise money for a business expansion, this is called a(n)
A. IPO (Initial Public Offering). B. PPO (Preferred Public Offering). C. FTO (First Time Offering). D. FSS (First Sale of Stock).
Suppose the current one-year interest rate is 4%. Also assume that financial markets expect the one-year interest rate next year to be 5%, and expect the one-year rate to be 6% the year after that. Given this information, the yield to maturity on a three-year bond will be approximately
A) 4%. B) 5%. C) 6%. D) 15%.
It is illegal to price discriminate EXCEPT in cases in which the price differences are due to actual cost differences. This situation is due to which antitrust act?
A. Clayton Act B. Contestable Market Act C. Sherman Antitrust Act D. Federal Trade Commission Act