In the late 1600s, the stock being traded in London's Exchange Alley that created a financial bubble belonged to the:
A. South Seas Company.
B. East India Company.
C. Bubble Company.
D. Mediterranean Company.
A. South Seas Company.
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Isabella buys a new camera for $80 . She receives consumer surplus of $35 on her purchase if her willingness to pay is
a. $35. b. $45. c. $80. d. $115.
Suppose you observe that the price of a good increases and that the quantity of this good sold also increases. If only the demand curve or the supply curve shifts this suggests that
A) supply increased over time while demand remained the same. B) supply decreased over time while demand remained the same. C) demand increased over time while supply remained the same. D) demand decreased over time while supply remained the same.
What is the empirical evidence on how well covered interest parity actually held for major currencies during 1990-2012? What effect did the global financial and economic crisis have? What effect did the euro crisis have?
What will be an ideal response?
Suppose the growth in GDP per hour resulting from physical capital in an economy is 1% and the growth resulting from human capital is 2%. If the annual growth rate of GDP per hour is 5%, the growth resulting from technology equals:
A) 4%. B) 3%. C) 2%. D) 1%.