Which of the following is not an example of a financial intermediary?
A) a pension fund
B) an insurance company
C) a commercial bank
D) the New York Stock Exchange
Answer: D) the New York Stock Exchange
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The chain-weighted output index method of measuring real GDP is based on
A) using current prices rather than base year prices. B) averaging the market value of the expenditures over a two year period and then comparing with a base period. C) using the prices of two adjacent years to calculate the growth rate of real GDP. D) averaging the nominal and real measures of GDP to come up with a more accurate figure.
Mechanisms that manufacturers can use to deal with misaligned retailer incentives include
a. setting a maximum retail price b. providing an exclusive contract to a single retailer in a market c. preventing retailers from compensating sales staff for demonstrating the product d. eliminate manufacturer staff that was demonstrating the product in stores
What is the unemployment rate if there are 170 million people employed, 25 million people unemployed, and 35 million not in the labor force?
A) 14.7% B) 13.7% C) 12.8% D) 10.9%
Foreign portfolio investment is sometimes called hot money because:
A. it can be withdrawn from a country very quickly. B. it is very difficult to trace. C. it is often invested in the assets which yield the highest returns in the world. D. earnings often go untaxed by the home government.