Which of the following methods of importing technological change is available to a poor country which Gordon describes as being caught in the "poverty trap"?
A) Copy modern products made in rich countries.
B) Purchase imported machinery that embodies the latest technology.
C) Obtain investment by foreign firms.
D) None of the above.
D
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If you lost 50 percent on $100 worth of stock in a 3x margin account, then you would lose:
A. $50. B. $150. C. $300. D. $600.
A market structure in which the decisions of individual buyers and sellers have no effect on market price is
A. oligopoly. B. perfect competition. C. monopoly. D. monopolistic competition.
A commercial bank lists net worth as
A. retained earnings. B. a liability. C. excess reserves. D. an asset.
Using the CPI, the rate of inflation can be calculated by
A). 100 x [CPI(current year) - CPI(prior year)] B) [CPI(current year) - CPI(prior year)] x CPI(prior year) C) 100 x [CPI(current year) - CPI(prior year] / CPI(prior year) D) CPI (current year) / CPI (prior year)