Most economists agree with which of the following?
A) Passive policymaking is likely to exert sizable long-run effects on real GDP.
B) Active policymaking is likely to exert sizable long-run effects on real GDP.
C) Active policymaking is unlikely to exert sizable long-run effects on real GDP.
D) none of the above
C
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Which of the following may not be true for "multiple exchange rates"?
A) They are a form of protectionism. B) They try to improve a country's BOP. C) They use different exchange rates for different international transactions. D) They are less costly to administer than floating exchange rates.
Which of the following is true of the NASDAQ Composite Index?
a. It includes the stocks of 500 companies that are widely owned by U.S. citizens. b. It represents all major areas of the U.S. economy. c. It mostly includes the stocks of technology and Internet-related companies. d. It contains more than 6,500 stocks that are traded in the United States. e. It includes all the stocks which are on the New York Stock Exchange.
Acme Home Builders, Inc, has built 24 houses so far this year at a total cost to the company of $4.80 million. If the company builds a 25th house, its total cost will increase to $5.05 million. Which of the following statements is correct?
a. For the first 24 houses, the average cost per house was $205,000. b. The marginal cost of the 25th house, if it is built, will equal $250,000. c. If the company can sell the 25th house for at least $202,000 . then it should build it. d. All of the above are correct.
In a market where the seller has more information than the buyer,
A. the seller can never gain by increasing the buyer’s information. B. both the buyer and seller can gain by increasing the buyer’s information. C. the buyer can never gain from increasing the seller’s information. D. the buyer can only gain from additional information if it is costless.