In equilibrium, the expected future spot rate is equal to the:
a. current spot rate.
b. current interest rate.
c. interest rate spread.
d. current forward rate.
Ans: d. current forward rate.
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Considering a PPF with health care services on the vertical axis and other goods and services on the horizontal axis, the increasing production of health care services in the United States as a result of the aging population represents
A) a movement upward along the PPF. B) an outward shift of the PPF from the vertical axis. C) an outward shift of the PPF from the horizontal axis. D) a movement downward along the PPF.
Refer to Figure 11-4. Suppose the economy gains more capital per hour worked and experiences technological change. This is shown in the figure above by the movement from
A) A to D. B) E to B to D. C) A to B to C. D) A to E.
Nonexperimental data is called _____.?
A. ?cross-sectional data B. ?observational data C. ?time series data D. ?panel data
What factors generate economies of scale?
What will be an ideal response?