The term structure is usually defined with yields on which securities?
A) corporate bonds
B) commercial paper
C) U.S. Treasury securities
D) municipal bonds
C
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Who was the economist who first analyzed the advantages of specialization and the division of labor?
A) Adam Smith B) Ronald Coase C) Arthur C. Pigou D) David Ricardo
Transborder environmental impacts can take place when one country's pollution spills over into a second country in all of the following situations EXCEPT
A) when an upstream user pollutes a shared watershed. B) when industrial production in one country creates acid rain in another country. C) when heavy traffic between two or more countries creates semi-global warming. D) the production of exported products degrades the local environment. E) ozone depletion caused by many countries' pollution spills or emissions.
Which of the following statements is false?
A) Keynesians would not advocate an expansionary monetary policy to eliminate a recessionary gap if they believed that investment demand was interest-insensitive. B) Keynesians would not advocate an expansionary monetary policy to eliminate a recessionary gap if they believed the money market was in the liquidity trap. C) Keynesians would advocate an expansionary monetary policy to eliminate a recessionary gap if they believed investment spending was insensitive to changes in the interest rate. D) Keynesians believe that money wages are inflexible in the downward direction.
Assume you are planning to invest $200 each year for four years and will earn 8 percent per year. Determine the future value of this annuity due problem if your first $200 is invested now.