Which of the following is a common reaction to an increase in the interest rate?
a. A decline in oil prices
b. A war
c. A decrease in spending on new homes
d. An expansion
e. An increase in military spending
C
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The foreign exchange rate is defined as the
A) equal to the amount of the current account deficit. B) equal to the amount of the capital account deficit. C) volume of the world currencies traded. D) rate or the speed with which the currencies of the worlds are traded. E) price at which one currency exchanges for another.
Many economists believe the bias in the CPI is now only about half as large as it once was
a. True b. False Indicate whether the statement is true or false
Which of the following us not an example of resource scarcity?
a. There is a finite amount of petroleum in the world b. Farming communities are experiencing droughts c. There are not enough physicians to satisfy all desires for health care in the US d. Cassette tapes are no longer being produced e. Teachers would like to have more instructional technology in their classrooms
The fact that common stockholders are residual claimants means the stockholders:
A. receive their dividends before any other residuals are paid. B. have a claim against the revenue that remains after everyone else is paid. C. are paid any past due dividends before other claims are paid. D. are paid before the bondholders but after any taxes are paid.