Evidence of a chronic balance of payments deficit is:
A. a decline in amount of the nation's currency held by other nations.
B. an excess of exports over imports.
C. diminishing reserves of foreign currencies.
D. an increase in the international value of the nation's currency.
C. diminishing reserves of foreign currencies.
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In arriving at the quantity of output and price of its product, a company
A. chooses both price and quantity, since it understands its demand relationship. B. cannot set price or quantity; this is done by the market. C. makes two separate decisions about quantity and product price. D. can set price but quantity is determined by market demand.
In this table, if the quantity increased to 7, what would the total revenue be?
a. 27
b. 30
c. 32
d. 35
Which of the following statements about the price elasticity of demand along a downward-sloping linear demand curve is true?
A) It is inelastic at high prices and elastic at low prices. B) It is unit elastic throughout the demand curve. C) It is elastic at the highest prices and inelastic at the lowest prices. D) It is perfectly elastic at very high prices and perfectly inelastic at very low prices.
If Walmart issues $250 million in new stock to finance the renovation of their retail stores, this is an example of
A) a bond market transaction. B) indirect finance. C) a stock market transaction. D) direct finance.