The high cost of labor in the European labor market is partially caused by:
a. Substantial labor market regulation
b. high productivity
c. restrictions on hiring
d. a hire and fire policy
e. none of the above
A
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Reported GDP increases when, in fact, total production is unchanged when I. there is a shift from household production to market production. II. a previously illegal activity is legalized
A) I only B) II only C) neither I nor II D) both I and II
The People's Bank of China has
A) allowed a flexible exchange rate to boost exports. B) managed its exchange rate to help control inflation. C) strictly followed a fixed exchange rate to boost exports. D) purchased U.S. dollars to appreciate the yuan.
The slope of the demand curve conveys all the useful information about elasticity.
Answer the following statement true (T) or false (F)
A long contract requires that the investor
A) sell securities in the future. B) buy securities in the future. C) hedge in the future. D) close out his position in the future.