An investor who bases the decision to buy an asset solely on the expected return of an asset is considered to be:
A) risk loving
B) risk averse
C) risk neutral
D) risk avoiding
C
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Refer to Table 7-6. If the actual terms of trade are 1 belt for 1.5 swords and 50 belts are traded, how many belts will Estonia gain compared to the "without trade" numbers?
A) 0 B) 10 C) 40 D) 50
The speculative motive for holding money is closely tied to what function of money?
A) store of wealth B) unit of account C) medium of exchange D) standard of deferred payment
Under the British Navigation Acts, enumerated goods were a list of colonial _______
a. exports showing how dependent the British were on the colonies. b. imports showing how dependent the colonies were on Britain. c. exports that had to be shipped through British middlemen. d. exports that were reserved for the crown.
Suppose policy makers overestimate the natural rate of unemployment. In situations like these, policy makers will likely implement policies that result in
A) less unemployment than necessary. B) an unemployment rate that is "too low." C) a lower inflation rate than necessary. D) a steadily increasing inflation rate. E) overly expansionary monetary and fiscal policy.