An example of an explicit cost would be the wages that a business owner pays her employees
a. True
b. False
Indicate whether the statement is true or false
True
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The three basic legal forms of business enterprise are
a. monopolists, competitors, and enterprises. b. vertical, horizontal, and conglomerate corporations. c. conglomerates, multinationals, and partnerships. d. proprietorships, partnerships, and corporations.
If the risk of buying U.S. assets rises because it is discovered that lending institutions had not carefully evaluated borrowers prior to lending them funds, then
a. the real exchange rate and the interest rate will rise. b. the real exchange rate will rise and the interest rate will fall. c. the real exchange rate will fall and the interest rate will rise. d. the real exchange rate and the interest rate will fall.
Options are more flexible than forward contracts.
a. true b. false
Refer to the information provided in Table 21.2 below to answer the question(s) that follow. Table 21.2
Refer to Table 21.2. The value of government spending in billions of dollars is
A. 200. B. 600. C. 800. D. 1,000.