If the earnings of Chopo Co are lower than expected, the forecasts will be revised downward and the price of the company's stock will decline
a. True
b. False
Indicate whether the statement is true or false
True
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A trade deficit occurs when:
a. a country imposes a price floor on the good in which it has a comparative advantage. b. a country's imports exceed its exports. c. a country imposes a price ceiling on the good in which it has a comparative advantage. d. a country's exports exceed its imports. e. the domestic product market is in disequilibrium.
Country A's cost of widgets is $4.00 and cost of wadgets is $8.00. Country B's cost of widgets is 8 euros and cost of wadgets is 16 euros. Which of the following would you suggest?
A. Trade of widgets for wadgets would not benefit the countries. B. Country A should specialize in wadgets and Country B in widgets. C. Both countries should produce an equal amount of each. D. Country A should specialize in widgets and Country B in wadgets.
Since 1948, the history of real wage rates generally shows that
A. prices and wages have risen at the same rate. B. prices have risen at a slower rate than wages. C. prices have risen faster than wages. D. real wages have remained constant over the period.
Which one of the following statements about the United States is true?
A. The United States has experienced inflation every year since 1800. B. Prior to World War II, the United States experienced deflation virtually every year; since World War II, the United States has consistently experienced inflation. C. Prior to World War II, the United States experienced periods of both deflation and inflation. D. Since World War II, the United States has experienced deflation.