The importance of international trade in the U.S. economy
A) has been decreasing and is expected to continue to decrease.
B) has been decreasing but is expected to start to increase.
C) has been increasing and is expected to continue to increase.
D) has been increasing but is expected to decrease in the future.
C
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Price elasticities are calculated for four goods, and the values are: 4.5; 3.7; 1.0; 0.2. Which price elasticity is most elastic?
A) 4.5 B) 3.7 C) 1.0 D) 0.2
A policymaker in favor of stabilizing the economy would be likely to believe
a. recessions are a waste of resources. b. economies must suffer through the booms and busts of the business cycle. c. the long policy lags make implementing policy changes in response to recession too risky. d. policy increases the magnitude of economic fluctuations.
After one year, a company will pay $5 in dividends. It commits to paying $5.30 two years from the current date. This growth rate for dividends is expected to continue indefinitely. The U.S. Treasury bond yield is 8% and the equity-risk premium is equal to 2.5%. Compute the required stock return and current price of this stock, using the dividend-discount model.
What will be an ideal response?
A mixed economy
A. Is justified by the superiority of laissez faire over government intervention. B. Utilizes both market and nonmarket signals to allocate goods and services. C. Is one that allows trade with other countries. D. Relies on the use of central planning by private firms rather than the government.