If yesterday the U.S. dollar traded for 100 Japanese yen and today 101 yen for the U.S. dollar, we would say
A. that the dollar rose in value relative to the yen.
B. that the U.S. dollar fell in value relative to the yen.
C. the dollar stayed the same value relative to the yen.
A. that the dollar rose in value relative to the yen.
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Define GDP
What will be an ideal response?
The psychological rewards of inventing a new product generally result in ____ profits for entrepreneurs.
A. below average B. only average C. above average D. indeterminate
Suppose that the United States allowed its domestic fuel producers to use ethanol made from any source (corn or sugar). What is likely to happen to U.S. production of corn ethanol and U.S. imports of sugar ethanol?
a. U.S. production of corn ethanol would increase, and U.S. imports of sugar ethanol would decrease. b. U.S. production of corn ethanol would decrease, and U.S. imports of sugar ethanol would decrease. c. U.S. production of corn ethanol would decrease, and U.S. imports of sugar ethanol would increase. d. U.S. production of corn ethanol would increase, and U.S. imports of sugar ethanol would increase.
Diversification can eliminate:
A. the systematic risk in a portfolio. B. the idiosyncratic risk in a portfolio. C. all risk in a portfolio. D. risk only if the investor is risk averse.