Step one in the scientific method is
a. formulate a hypothesis
b. reflect an opinion
c. specify assumptions
d. identify the question and define relevant variables
e. test the hypothesis
D
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Suppose the government of South Island fixes the exchange rate of its currency, the Islandia, in terms of the U.S. dollar. Initially the exchange rate is set at $1 per Islandia. In a crisis, the government changes the exchange rate to $0.50 per Islandia. This is an example of a(n):
A. devaluation B. revaluation C. depreciation D. appreciation
Which of the following is a likely reason for wage inequality between men and women?
A) Men generally tend to have higher education qualifications than women. B) Women generally tend to have higher educational qualifications than men. C) Men tend to spend more time out of the labor force as compared to women. D) Women tend to spend more time out of the labor force as compared to men.
Which of the following bonds will have the highest yield-to-maturity if all three bonds appear identical to investors in terms of risk, liquidity, information costs, tax treatment?
A) one with a coupon of $50 B) one with a coupon of $100 C) one with a coupon of $200 D) none of the above
Which of the following is not considered to be a private depository institution?
A. The Federal Reserve. B. Commercial banks. C. Mutual savings banks. D. Savings and loan associations.