Which of the following expresses 5.65%?
A. 0.565
B. 5.65
C. 0.0565
D. 0.00565
Answer: C
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Careful studies of the data indicate that deviations from interest parity are
A) large. B) non-existent. C) small. D) constant over time.
Payoffs are:
A. things that are only enjoyed by the winner. B. always monetary. C. bribes made to gain some advantage unfairly during a game. D. the rewards that come from particular actions.
The table below shows the number of umbrellas and bushels of corn produced in the United Kingdom and the rest of the world per labor hour. If the United Kingdom and the rest of the world begin to trade with each other, the international price of umbrellas will lie between ________ and ProductivityIn the United KingdomIn the Rest of the WorldUmbrellas per labor hour0.251.00Bushels of corn per labor hour0.500.67
A. 1/3 of a bushel of corn per umbrella; three bushels of corn per umbrella. B. 1/2 of a bushel of corn per umbrella; 3/2 bushels of corn per umbrella. C. 2/3 of a bushel of corn per umbrella; 3/2 bushels of corn per umbrella. D. 2/3 of a bushel of corn per umbrella; two bushels of corn per umbrella.
Answer the following statement(s) true (T) or false (F)
1. A drafted army can be unnecessarily costly in two ways: it can be the wrong size or it can consist of the wrong people. 2. A draft is better for society because it is less costly than a volunteer army. 3. The Fabian argument that confiscation of rents would not lower social welfare overlooks the costs of resource misallocation. 4. The use of signals in an economy is both individually rational and socially efficient. 5. Because of adverse selection, no good used cars ever change hands.