How many people does it take to make an ordinary no. 2 pencil?
A) One person
B) Between one and five people
C) Less than one hundred people
D) Millions of people
D
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Referring to a bank's t-account, equity refers to
A) the difference between total assets and total liabilities. B) the sum of total assets and total liabilities. C) the ratio of the total assets and total liabilities. D) none of the above.
If Japanese tourists visit Yellowstone Park, what is the effect in the foreign exchange market?
a. It will increase demand for U.S. dollars. b. It will decrease demand for U.S. dollars. c. It will increase supply of U.S. dollars. d. It will decrease supply of U.S. dollars.
Which of the following is true of regulation?
a. Regulatory agencies often ignore the secondary effects of their actions and fail to foresee future problems. b. Policy-makers are hesitant to call for new regulations even when it is clear they would help avert future crises. c. Mortgage lending and banking have historically been unregulated and therefore regulation in these sectors will be unpopular. d. Past regulations have been effective at averting crises, but they are unpopular because they reduce the profitability of the regulated industry.
An industry with Herfindahl-Hershman Index of 4,000 would best be described as
A. perfect competition. B. monopoly. C. monopolistic competition. D. oligopoly.