The process of transforming otherwise illiquid financial assets into marketable capital market instruments is known as
A) securitization.
B) internationalization.
C) arbitrage.
D) program trading.
A
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If an import-competing firm is imperfectly competitive, then under free trade an export tariff will ________ domestic market price, ________ producer surplus, ________ consumer surplus, ________ government revenue, and ________ overall domestic
national welfare. A) increase; have no effect on; decrease; increase; decrease B) decrease; decrease; increase; decrease; have no effect on C) increase; have no effect on; increase; decrease; increase D) decrease; increase; decrease; increase; decrease E) have no effect on; have no effect on; decrease; increase; decrease
The aggregate demand curve illustrates the relationship between
A) the aggregate expenditure for goods and services, and the real interest rate. B) the aggregate expenditure for goods and services, and the level of current output. C) the level of current output and the real interest rate. D) the aggregate expenditure for goods and services, and the price level.
If equilibrium GDP is below potential, then
a. unemployment is unusually low b. the Fed will lower the money supply c. the wage rate will fall as workers compete for scarce jobs d. the aggregate supply curve will shift leftward e. the wage rate will remain stable as labor productivity increases
The Get-There-Safe Bus company incurs an average cost of $45 for each passenger it carries on its trip from Atlanta to Chattanooga. In advance of a particular trip, four seats remain unsold. The bus company could increase its profit only if it
a. charged any ticket price above $0 for the four remaining seats. b. charged at least $11.25 for each of the four remaining seats. c. charged at least $45 for each of the four remaining seats. d. paid four people to occupy the four remaining seats.