If the annual interest rate is 5% (.05), the price of a one-year Treasury bill per $100 of face value would be:
A. $95.00
B. $96.10
C. $95.24
D. $97.50
Answer: C
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A util:
a. can measure satisfaction with factual accuracy. b. is not a valid concept. c. applies to a good but not to a service. d. is purely a fictitious measure of the satisfaction a consumer derives from a product. e. can be used in place of money in some countries.
Foreign investment can be economically beneficial for all of the following reasons except:
A. increases the GDP of the host country by giving it access to additional resources. B. increases the GDP of the investing country by providing it with ways to earn higher returns on its capital. C. makes the world a more efficient place by moving capital from places with low returns to places with high returns. D. it always leads to a higher interest rate.
If the dollar depreciates in value relative to foreign currencies, then aggregate:
A. Demand decreases B. Demand increases C. Supply and aggregate demand increase D. Supply and aggregate demand decrease
A perfectly competitive system is efficient.
Answer the following statement true (T) or false (F)