A run on a bank occurs when many depositors withdraw cash from their accounts all at once.
Answer the following statement true (T) or false (F)
True
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Most nations that split from the USSR saw their incomes increase over the next several years after USSR's collapse
Indicate whether the statement is true or false
Constantine purchased 100 shares of IBM stock several years ago for $150 per share. The price of these shares has fallen to $55 per share. Constantine's investment strategy is "buy low, sell high"
Therefore, he will not sell his IBM stock until the price rises above $150 per share. If he sells at a price lower than $150 per share he will have "bought high and sold low." Constantine's decision: A) is correct and shows a solid command of the nature of opportunity cost. B) is incorrect because the original price paid for the shares is a sunk cost and should have no bearing on whether the shares should be held or sold. C) is incorrect because when the price of a stock falls, the law of demand states that he should buy more shares. D) is incorrect because it treats the price of the shares as an explicit cost.
The amount of unemployment that a country typically experiences is a determinant of its standard of living
a. True b. False Indicate whether the statement is true or false
The purchasing power parity theory of exchange rate determination holds that the exchange rate between any two national currencies is fixed to reflect differences in the price levels in the two countries
Indicate whether the statement is true or false.