Before the Civil War (1861–1865), the U.S. credit system made capital investments possible and fueled overall economic growth and development across many sectors. This system was supported heavily by whom?
(a) The British
(b) The North
(c) The South
(d) None of the above
(a)
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Assume that a firm's marginal revenue curve intersects the rising portion of the marginal cost curve at 100 units of output. At this output level, a profit-maximizing firm's total cost is $1,000 . If the price of the product is $3 per unit and the firm produces at the profit-maximizing level, the firm will earn an economic profit equal to:
a. -$1,000. b. -$700. c. -$400. d. -$600. e. $200.
Assume we have a stock currently worth $50. We also assume the interest rate is zero, and we can buy options for this stock with a strike price of $50. If the stock can rise or fall by $10 with equal probability over the option period, and the option cannot be exercised until the expiration date, what is the time value of the option?
A. $5 B. $50 C. $40 D. $10
When a foreign business firm buys or builds capital goods, this is known as
A. foreign direct investment. B. net foreign domestic investment. C. net private domestic investment. D. depreciation.
Which of the following policies tends to cause the dollar to depreciate?
A. a combination of an contractionary monetary policy and a expansionary fiscal policy B. a contractionary fiscal policy C. an contractionary monetary policy D. an expansionary fiscal policy