Which of the following statements about capital markets is true?
A) At one time, the U.S. capital market was larger than all other capital markets combined, but that is no longer the case.
B) The U.S. capital market is currently larger than all other capital markets combined.
C) The largest capital markets in the world today are in East Asia and Latin America.
D) There are currently large capital markets in Europe, but none in Asia.
A
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The hot spot problem is:
a. the U.S. obtains the majority of its oil supplies from politically unfriendly countries. b. some air pollutants such as sulfur dioxide have a greater effect nearby than further away. c. some air pollutants such as carbon dioxide have an equal effect nearby and further away. d. nuclear plants heat up nearby water, causing a decline in the native fish population.
When homeowners sell a house, part of the paperwork they complete is a statement of disclosure on which the homeowners are supposed to reveal everything that they know is wrong with the house. The purpose of the statement of disclosure is to try to solve the
a. principal-agent problem. b. moral-hazard problem. c. adverse-selection problem. d. signaling problem.
During the 1970's, U.S. inflation averaged 7% each year and real GDP increased. Holding velocity constant and using the quantity equation, we conclude that
a. money growth must have been greater than the growth of real income. b. money growth must have been less than the growth of real income. c. prices fell during the 1970's. d. output fell during the 1970's.
Disposable income is the primary factor that influences the ______ component of aggregate demand.
a. investment b. consumption c. export d. trade deficit