Countries where investment is relatively
A) productive should be net exporters of currently available output.
B) unproductive should be net importers of currently available output.
C) unproductive should be net exporters of currently available output.
D) unproductive should be net exporters of future available output.
E) unproductive should focus on their internal balance.
C
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If a one-year bond is purchased for $700 and the interest rate is 5 percent, what will it pay in one year?
A) $35 B) $665 C) $735 D) $770
The First Welfare Theorem states that, invariably, a competitive market results in an efficient allocation of resources and thus maximizes social surplus. ?
Answer the following statement true (T) or false (F)
When a business fails to cover sunk costs, it usually
A) declares a stock split. B) declares bankruptcy. C) does not immediately stop operating. D) stops operating until sunk costs are recovered.
If the expected path of 1-year interest rates over the next five years is 2 percent, 4 percent, 1 percent, 4 percent, and 3 percent, the expectations theory predicts that the bond with the lowest interest rate today is the one with a maturity of
A) one year. B) two years. C) three years. D) four years.