Which of the following is true of American Depository Receipts (ADRs)?
a. ADRs cannot be sold "over the counter."
b. Each ADR is backed by a specific number of the issuer's local shares
c. An ADR is a stock that trades in foreign countries but represents a specified number of shares in a U.S. corporation.
d. For foreign companies, ADRs are an easy way to purchase raw material from U.S. producers.
e. ADRs are issued or sponsored in the United States by the federal government.
b
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Which of the following questions is NOT a microeconomic question?
A) Can the Federal Reserve keep income growing by cutting interest rates? B) How would a tax on e-commerce affect eBay? C) What is Britney's opportunity cost of having another baby? D) Does the United States have a comparative advantage in information technology services?
When you save $1,500 for a spring-break vacation in Cancun, you are using money as a standard of deferred payment
a. True b. False Indicate whether the statement is true or false
The difference between Gross National Product and Net National Product is the
a. rate of inflation. b. statistical discrepancy encountered in calculating GDP. c. difference between real versus nominal GDP. d. depreciation of the economy's capital stock.
The return to investment in human capital is observed
a. only when workers are assigned identical tasks. b. in the wage differential between workers. c. in the high school dropout rate in inner-city urban school districts. d. in the low wages of educated factory workers.