The total loss associated with the 2005 Hurricanes Katrina and Rita are estimated to be between
a. $40 and $60 billion
b. $69 and $130 billion
c. $69 and $80 billion
d. $70 and $80 billion
e. $140 and $200 billion
B
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Technological change leads to unemployment
a. True b. False Indicate whether the statement is true or false
GDP equals $5 trillion. If consumption equals $3.5 trillion, investment equals $1 trillion, and government spending equals $1.5 trillion, then:
a. exports exceed imports by $1 trillion. b. imports exceed exports by $1 trillion. c. net exports equal zero d. exports exceed imports by $1.5 trillion.
Technological change:
A. does not reduce average total cost but does change production techniques. B. reduces average total cost by expanding plant size. C. reduces average total cost by changing production techniques. D. reduces average total cost without changing production techniques.
Which of the following factors would tend to be consistent with a downward-sloping yield curve?
a. A high and positive default risk premium. b. A high and positive maturity risk premium. c. The absence of a liquidity premium. d. Expected inflation is expected to decline in future years.