Which of the following countries have used adjustments to the required reserve ratio as a primary tool of monetary policy?
A. United States
B. India
C. Mexico
D. China
Answer: D
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All of the following are true regarding the Economic Order Quantity model except which one?
A) It determines the cost-minimizing quantity managers should order to keep in inventory. B) It assumes demand is known with certainty. C) It assumes demand is spread evenly over a time period. D) It accounts for changes in interest rates.
The price of gold is volatile because the supply is highly inelastic, so changes in demand have a large effect on price.
Answer the following statement true (T) or false (F)
A standardized good or service is one:
A. for which any two units of it have the same features and are interchangeable. B. for which any two units of it have similar features that could be considered close substitutes. C. that has very distinguishable characteristics, with each unit being economically unique. D. for which any two units of it have different, unique features.
Which nations does the acronym BRIC stand for?
What will be an ideal response?