An investor who desired the ability to have quick and easy access to cash would prefer to hold which type of asset?
A) risky
B) liquid
C) tax free
D) any form of bond
B
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Suppose it costs a farmer $1.00 to produce 1 unit of corn, $2.10 to produce 2 units of corn, and $3.30 to produce 3 units of corn. What's the average cost of producing 2 units of corn?
A) $1.00 B) $1.05 C) $1.10 D) $2.00 E) $2.10
A development bank
(a) accepts deposits from the poor. (b) makes loans for industry expansion. (c) is an agency such as the World Bank. (d) all of the above. (e) none of the above.
The antebellum period was characterized by many changes in tariff rates. What best describes the effect of removing a tariff on foreign cotton textiles?
a. The total supply curve of textiles would shift back. b. The price of both foreign-made and domestic-made textiles would decrease. c. The price of foreign-made textiles would decrease and the price of domestic-made textiles would increase. d. The total (foreign and domestically produced. quantity of textiles purchased in the US would decrease. e. The real income of textile consumers would decrease.
When the U.S. exchange rate rises, the trade deficit will:
A. usually fall. B. remain unaffected. C. be balanced by an increase in net exports. D. usually rise, too.