Which of the following people is most likely to demand U.S. dollars in the foreign exchange market?
a. A United States resident who is traveling to the Greek Islands
b. An American investor who intends to buy Japanese government bonds
c. A resident of Australia who is traveling to Belgium
d. A British importer of U.S. beef
e. A U.S. company that is importing avocados from Mexico
d
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Refer to Table 8-22. Consider the data above for a simple economy: Using 2011 as the base year, calculate nominal GDP, real GDP, and the GDP deflator for 2016. Show your work.
All of the following would be included in aggregate expenditure except
A. social security payments. B. changes in inventories. C. sales of domestically produced goods to foreigners. D. purchases of services provided by government employees.
High (but not perfect) correlation between two or more independent variables is called _____.
A. heteroskedasticty B. homoskedasticty C. multicollinearity D. micronumerosity
If you understood the discussion of the characteristics of common stocks, you should be able to explain the following statement: One of the benefits from stock ownership is the unlimited upside potential and the limited downside. What does this statement mean?
What will be an ideal response?