An oligopolist who sets the price for the industry is a price leader
a. True
b. False
Indicate whether the statement is true or false
True
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Because of China's growth, natural resources
A) are in greater demand, but that demand is mostly going to the previously industrialized nations so it is having little effect on economic development in developing countries. B) are in greater demand and the natural resources are increasingly coming from developing countries. C) prices are falling since China has tremendous negotiating power. D) are not in high demand since labor and capital are the emphasized inputs in Chinese manufacturing.
According to rational expectations theory, forecast errors of expectations
A) are more likely to be negative than positive. B) are more likely to be positive than negative. C) tend to be persistently high or low. D) are unpredictable.
The return that a domestic investor receives on a foreign investment is equal to
A) the interest rate on the foreign investment minus the interest rate on a comparable domestic investment. B) the appreciation rate of the foreign currency minus the appreciation rate of the domestic currency. C) the interest rate on the foreign investment times the appreciation rate of the foreign currency. D) the interest rate on the foreign investment minus the rate of appreciation of the domestic currency.
The term "near monies" refers to which of the following? a. Savings and small time deposits, which (unlike currency and checkable deposits) are not immediately available as money in a transaction. b. Mexican pesos and Canadian dollars – the money used by our nearest neighbors
c. Counterfeit money that closely approximates the appearance of real money. d. None of the answers above are correct.