On Nov 5 2015, the DJIA was closest to
a. 18
b. 180
c. 1800
d. 18000
Ans: d. 18000
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Which of the following describes the accuracy of the Consumer Price Index?
A) Changes in the CPI overstate the true rate of inflation. B) Changes in the CPI understate the true rate of inflation. C) Changes in the CPI are unrelated to the true rate of inflation. D) Changes in the CPI accurately reflect the true rate of inflation.
Hotelling's model has been used to describe differentiation in the political "market." Suppose that 100 voters are evenly distributed between the extreme left and the extreme right on the political spectrum, and that all voters vote, and they always vote for the candidate closest to them on this spectrum. The numbers on this spectrum represent the number of voters lying to the left of the number. So, at the midpoint, fifty voters lie to the left and fifty to the right.
If Candidate X is running for office against Candidate Z, then:
A. all voters to the left of Z will vote for X, and all voters to the right of Z will vote for Z. B. all voters who would have voted for Y will vote for X. C. Candidate X might win. D. Candidate Z will win.
If an individual’s income increases by $100, then their spending will increase by less than $100.
Answer the following statement true (T) or false (F)
Foreign direct investment is any investment made in a country by residents outside that country.
Answer the following statement true (T) or false (F)