If merchandise imports are greater than merchandise exports, the nation is experiencing a
a. negative balance on current account
b. merchandise trade deficit
c. capital account imbalance
d. favorable balance of trade
e. growth in foreign reserves
B
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Money serves all of the following functions except:
A) medium of exchange. B) store of value. C) unit of account. D) measure of power.
If decreasing long-run average cost is inherent in an industry's technology, then only one supplier can satisfy the entire market
Indicate whether the statement is true or false
An indexed equity mutual fund
a. is directly tied to either the consumer price index or the GDP deflator. b. is a fund that hires a manager who will try to pick the stocks that will increase most in value in the future. c. merely holds stocks in the same proportion as they exist in a broad stock market index like the Standard & Poor's 500. d. will have high operating costs because these funds engage in a substantial amount of stock trading.
The accompanying table below shows the relationship between the number of times you get your car washed each month and your total monthly benefit from car washes. Each car wash costs $15.Number of Car Washes Per MonthTotal Monthly Benefit from Car Washes0$01$202$363$484$565$60 What's the average benefit of 4 car washes per month?
A. $14 B. $12 C. $4 D. $8