In a market economy, what provides potential investors with reliable information about the financial performance of a firm?
A) contracts B) insurance C) patents D) accounting rules
D
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Goal independence is the ability of ________ to set monetary policy ________
A) the central bank; goals B) Congress; goals C) Congress; instruments D) the central bank; instruments
Catherine is risk-averse. When faced with a choice between a gamble and a certain level of wealth she will
A) always prefer the gamble. B) always prefer the certain level of wealth. C) prefer the gamble if the expected utility from it is higher than the utility from the certain level of wealth. D) prefer the certain level of wealth if the expected utility from the gamble is higher than the utility of the certain level of wealth.
Below are pairs of GDP growth rates and unemployment rates. Economists would be shocked to see most of these pairs in the U. S. Which pair of GDP growth rates and unemployment rates is realistic?
a. 5 percent, 1 percent
b. 3 percent, 5 percent
c. -1 percent, 3 percent
d. -2 percent, 4 percent
The marginal revenue product of a resource is:
A. the marginal product of the resource divided by the price of the product it helps to produce. B. the price of the product times the price of the resource. C. larger when the product price is larger. D. larger when the marginal product is smaller.