Which of the following is NOT true about commercial paper?
A) It is a short-term (six months or less) debt.
B) It is riskier than a Treasury bill.
C) It is issued by a "high-quality" corporate borrower.
D) It pays at a rate about double the Treasury bill.
E) It can be resold.
D
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What are the sources of a country's comparative advantage?
What will be an ideal response?
Under the current managed float exchange rate regime, countries with balance of payments deficits frequently do not want to see their currencies depreciate because it makes ________ goods more expensive for ________ consumers and can stimulate
inflation. A) foreign; foreign B) foreign; domestic C) domestic; foreign D) domestic; domestic
What is one implication of the real-balance effect?
A) The part of your wealth that you hold in the form of cash loses some of its value as the price level rises. B) When the price level rises, people have an incentive to work harder in order to earn a higher income. C) When the price level falls, most consumers reallocate their spending so as to have an equal balance between necessities and luxuries. D) Aggregate demand and aggregate supply can never reach long-run equilibrium.
If you fall short of a certain minimum standard of living, you are poor; once you pass this standard, you are no longer poor. This refers to the ____ definition of poverty
a. average b. absolute c. relative d. threshold