What is unique about Chinese industrial revolution?
a. It is led by foreign workers
b. It is led by international investment
c. It is led by rural people through rural industrialization
d. It is led by reform leaders.
e. none of the above
C
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Which of the following statements is true?
A) Output is likely to be the same in a command economy and a market economy. B) Output is likely to be lower in a market economy than a command economy. C) Output is likely to be lower in an economy with extractive institutions than an economy with inclusive institutions. D) Output is likely to be the same in an economy with extractive institutions and an economy with inclusive institutions.
What happens to the present value of $1 one year from now if the market rate of interest falls? Explain
What will be an ideal response?
For investors, commercial paper is a close substitute for
A) U.S. Treasury bills. B) U.S. Treasury bonds. C) corporate bonds. D) municipal bonds.
When investors become irrationally optimistic that an asset's price will continue to rise, it causes a financial bubble to:
A. start to inflate. B. be on the verge of bursting. C. burst. D. become doubted by most serious investors.