The first structured investment vehicle (SIV) was set up by ________ in 1988
A) J.P. Morgan
B) Chase
C) Citigroup
D) Goldman Sachs
C
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Suppose that the level of real GDP is $1,000,000 and the economy has 10,000 workers. Labor productivity is
a. $100 per worker b. $0.01 per worker c. $1,000,000 per worker d. $1,000 per worker e. Labor productivity cannot be computed with the information given
If Walter has one hour of leisure time in which to watch a sporting event on television, his preferences are as follows: Walter prefers watching football to watching baseball, but he prefers watching baseball to watching basketball. He is indifferent between watching baseball and watching hockey. Bundle A contains one hour of football and zero hours of all other sports. Bundle B contains one hour
of baseball and zero hours of all other sports. Bundle C contains one hour of basketball and zero hours of all other sports. Bundle D contains one hour of hockey and zero hours of all other sports. If we were to graph Walter's preferences using indifference curves, which of the following bundles would be on the same indifference curve? a. A, B, and C only b. B and D only c. A and D only d. There is no combination of the sports that could be drawn on the same indifference curve.
When changes in a product's price cause corresponding changes in consumer demand, the product has
A. elastic demand. B. usefulness. C. utility. D. inelastic demand
One reason why the currency-board experience of Argentina failed is because of the weakening of the dollar against other currencies.
Answer the following statement true (T) or false (F)