Net Exports are defined to be:
A. Imports + Exports.
B. Imports ? Exports.
C. Exports ? Imports.
D. Exports ? Investment.
Answer: C
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The only type of business that faces unlimited liability is a sole proprietorship
Indicate whether the statement is true or false
According to the efficient markets hypothesis, which of the following would decrease the price of stock in Veblen's Leisure Company?
a. Veblen announces, just as everyone had expected, that it has fired its CEO who has been accused of ethics violations. b. Veblen announces, as the market had expected, that its profits were low. c. Fundamental analysis published by KM Financial shows that Veblen's stock is undervalued. d. A highly anticipated book is published by a Veblen insider which details Veblen's innovative technology in plain English, information that was previously unavailable to the public and which will now be used by Veblen's competitors.
Answer the following statement(s) true (T) or false (F)
1. Present-day fluctuations in exchange rates are determined solely by market forces. 2. When exchange rates change, they affect not only the currency market but the product markets as well. 3. Since the advent of flexible exchange rates, world trade has expanded. 4. The most important advantage of the Bretton Woods fixed-rate system is that it has reduced the speculative rampages that were common under a flexible-rate system. 5. Booming futures markets in foreign currencies opened in Chicago, New York, and in foreign financial centers during the years that the world used the Bretton Woods system.
Which of the following is NOT a positive statement?
A. The inflation rate for 2002 was 2.3 percent. B. The federal government budget for 2004 is $2.2 trillion. C. The national debt is too high. D. The unemployment rate is 5.8 percent.