Economists can be college professors or business analysts. If there is an increase in businesses' need for economic analysis,
a. the wage of economists will tend to decrease.
b. colleges will have to pay less money to hire economists as professors.
c. more economists will decide to become professors.
d. fewer economists will decide to become business analysts.
e. All of the above.
e. All of the above.
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A U.S. company begins selling its products in France. Despite brisk sales, the company doesn't make enough profit to cover its expenses. When setting prices, the company simply used the same prices in both countries. For example, $5.99 = 5.99 French francs; $2.89 = 2.89 French francs. What risk of international business did the company not consider?
A. Language variations B. Currency fluctuations C. Differences in laws D. Opportunity costs
When interest rates fall, people are
a. More likely to borrow b. Less likely to borrow c. Not likely to change borrowing patterns d. None of the above
In the language of macroeconomics, investment refers to
a. saving. b. the purchase of new capital. c. the purchase of stocks, bonds, or mutual funds. d. All of the above are correct.
It is difficult in economics to perform controlled experiments.
Answer the following statement true (T) or false (F)