Everything else equal, wages are likely to be higher when
a. the work is safer.
b. more skill is required to perform well on the job.
c. the work environment is more prestigious.
d. the location of the job is more desirable.
b. more skill is required to perform well on the job.
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That the money form should be homogeneous is another way of saying that all units of money should be
a. durable b. portable c. stable d. identical e. divisible
Which of the following statistics is usually regarded as the best single measure of a society's economic well-being?
a. the unemployment rate b. the inflation rate c. gross domestic product d. the trade deficit
The key difference between a forward and a futures contract is:
A. a forward contract is bought and sold on organized exchanges. B. a forward contract is customized where a futures contract is not. C. only the forward contracts have settlement dates. D. the amount of time involved.
Assume that the interest parity condition holds. Also assume that the U.S. interest rate is 8% while the U.K. interest rate is 6%. Given this information, financial markets expect the pound to
A) depreciate by 14%. B) depreciate by 2%. C) appreciate by 2%. D) appreciate by 6%. E) appreciate by 14%.