Basis may change if
A. a new ethanol plants is built locally.
B. a large capacity train terminal is built by CGB.
C. a drought resulted in a short crop.
D. All of the above.
Ans: D. All of the above.
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According to the purchasing power parity theory, a rise in the United States price level of 5 percent, and a rise in the Mexican price level of 6 percent cause
A) the dollar to appreciate 1 percent relative to the peso. B) the dollar to depreciate 1 percent relative to the peso. C) the dollar to depreciate 5 percent relative to the peso. D) the dollar to appreciate 5 percent relative to the peso.
Capital accounts are a measure of how much ____ have invested ____
a. c and d b. d and e c. U.S. stockholders; in the market d. foreign stockholders; in foreign firms e. U.S. firms; in foreign nations
Antitrust laws allow the government to
a. prevent mergers. b. break up companies. c. promote competition. d. All of the above are correct.
If A is preferred to B and B is preferred to C, then we would expect A to be preferred to C. This property is called