If a new shopping mall is built on the outskirts of a town, we can expect
a. location rent on commercially developed, downtown land to be unaffected
b. lands near the new mall to receive location rent
c. commercially developed, downtown land rent to rise because competition for downtown lands will have weakened
d. lands near the new mall to receive zero location rent
e. location rent for commercially developed, downtown land to increase
B
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The expected real interest rate (re) in terms of the nominal interest rate (R) and the expected inflation rate (?e) is given by
A) re = ?e + R. B) re = 2?e + R2. C) re = ?e + R2. D) re = R - ?e. E) re = R2 - ?e.
In the national income accounts, investment includes: a. expenditures on durable consumer goods. b. government construction of a new dam
c. additions to business inventories. d. purchases of used machinery by businesses.
Define international trade and international financial transactions. Give an example of each one.
What will be an ideal response?
The CEO of Always Round Tires has decided to open a battery division. He thinks that batteries would sell well with tires at their outlets and that Always Round's quality reputation will be transferred to the batteries. Should he set up the new division as a Revenue Center, as a Profit Center, or as an Investment Center? Why?
What will be an ideal response?