Refer to the information provided in Figure 3.13 below to answer the question(s) that follow.
Figure 3.13Refer to Figure 3.13. Assume hamburgers and hot dogs are substitutes. An increase in the price of hot dogs will cause a movement from
A. D2 to D1.
B. D1 to D2.
C. Point F to Point G.
D. Point B to Point A.
Answer: B
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When you buy a corporate bond, you are
A. borrowing funds from the corporation. B. lending funds to the corporation. C. selling an ownership right in the corporation. D. acquiring an ownership right in the corporation. E. b and d
Which of the following is not a true statement concerning infant mortality in the United States?
a. Low birth weight infants have a better chance of survival in the U.S. than either Japan or Norway. b. International comparisons of infant mortality rates are difficult to interpret due to different definitions of infant death. c. Teenage pregnancy and illegitimacy are highly correlated with infant mortality. d. Infant mortality rates are among the lowest in the developed world. e. A primary cause of infant mortality is low birth weight.
Suppose that you purchase a $5,000 bond that pays 7 percent interest annually and matures in five years. If you expect that the inflation rate during the next five years will be 2 percent annually, what real rate of return do you expect to earn?
a. 2 percent b. 5 percent c. 7 percent d. 9 percent
The following table provides nominal exchange rates for the U.S. dollar.CountryForeign currency/dollarDollar/foreign currencySwitzerland(franc)1.730.578Brazil(real)1.821.549Based on these data, the nominal exchange rate equals approximately ________ reals per Swiss franc or, equivalently, ________ Swiss francs per real.
A. 3.551; 0.282 B. 0.950; 1.053 C. 0.282; 3.551 D. 1.053; 0.950