Answer the following statements true (T) or false (F)
1. Imports and exports are examples of financial flows.
2. When a U.S. firm purchases a Hungarian metal plant, this is an example of a capital resource flow.
3. In terms of combined volume of imports and exports, China was the world's leading trading nation in 2012.
4. A trade deficit occurs when government spending exceeds tax revenues.
5. One leading export of the United States is agricultural products.
1. F
2. F
3. F
4. F
5. T
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Blanca has her choice of either a certain income of $20,000 or a gamble with a 0.5 probability of $10,000 and a 0.5 probability of $30,000. The expected value of the gamble:
A) is less than $20,000. B) is $20,000. C) is greater than $20,000. D) cannot be determined with the information provided.
A firm should continue to invest as long as the value of Tobin’s q is
a) negative b) zero c) a positive fraction d) one e) greater than one
Both the nominal rate of interest and the real return on investment increase with the inflation rate
Indicate whether the statement is true or false
If real GDP increased by 2% and nominal GDP increased by 4%, then output:
a. increased and the price level increased. b. increased and the price level decreased. c. decreased and the price level increased. d. decreased and the price level decreased.