The country of Growpaw does not trade with any other country. Its GDP is $20 billion. Its government purchases $3 billion worth of goods and services each year, collects $4 billion in taxes, and provides $2 billion in transfer payments to households. Private saving in Growpaw is $4 billion. What is investment in Growpaw?
a. $5 billion
b. $4 billion
c. $3 billion
d. $11 billion
c
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Which of the following best describes private enterprise?
a. The means of production (resources and businesses) are owned and operated by government. b. The means of production (resources and businesses) are owned and operated by private individuals or groups of private individuals. c. Economic decisions are determined by individuals. d. Economic decisions are determined by government.
Which of the following is not an important addition made to the base Accords by base III in 2010?
A. It introduces three buffers over and above capital requirements itself. B. It supplements capital requirements based on risk-weighted assets with restrictions on leverage. C. It adds a liquidity requirement that compels banks to hold a quantity of high-quality liquid assets. D. It ends the too-big-to-fail problem.
An increase in the value of a domestic currency in terms of other currencies is known as
A. a discount rate. B. an appreciation. C. a flexible exchange rate. D. a depreciation.
There are four firms in the cement industry in Richland. Firm A has a market share of 30%, Firm B has a market share of 20%, Firm C has a market share of 25%, and Firm D has a market share of 25%
The Herfindahl-Hirschman Index for the cement industry is ________. A) 50 B) 100 C) 2,550 D) 4,000