A country's trade balance
A. must be zero.
B. must be greater than zero.
C. is greater than zero only if exports are greater than imports.
D. is greater than zero only if imports are greater than exports.
Ans: C. is greater than zero only if exports are greater than imports.
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In the equation of exchange, if the money supply is $3 billion, the price level is 2, and the real GDP is $6 billion, the velocity is
A) 1. B) 2. C) 4. D) 36.
When a transfer price is set lower
a. the buying division will chose to purchase less from the selling division b. the buying division will chose to purchase more from the selling division c. the selling division will chose to purchase less from the buying division d. the selling division will chose to purchase more from the buying division
Which of the following is not correct?
a. A risk averse person might be willing to hold stocks. b. Other things the same, a portfolio with the stocks of a large number of companies has less risk. c. Other things the same, the larger a portion of savings a person invests in stocks, the greater his expected return. d. Diversification can eliminate market risk but not firm-specific risk.
Charles Murray believed that the antipoverty programs of the 1960s and 1970s
A. drastically reduced the level of poverty. B. slightly reduced the level of poverty. C. had no impact on the level of poverty. D. caused more poverty.