Refer to the graph. Consider asset D. We would expect arbitrage to:
A. increase the risk level of D.
B. increase the price of D.
C. lower the price of D.
D. increase both the expected return and risk level of D.
C. lower the price of D.
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During early 2001, the Fed unexpectedly increased the money supply. The effect of this policy was a
A) downward shift of the short-run Phillips curve. B) rightward shift of the long-run Phillips curve. C) upward shift of the short-run Phillips curve. D) movement upward along the short-run Phillips curve. E) movement downward along the short-run Phillips curve.
Which of the following is NOT a way to express the formula for profit?
A. Profit = Revenue - Cost B. ? = R(Q) - C(Q) C. ? = [P(Q) × Q] - [C(Q) × Q] D. ? = [P(Q) × Q] - C(Q)
If you were going to evaluate the how much money you will have after ten years of saving $100 per month, which Excel function would help you calculate it?
A. FV B. Profit C. PMT D. Invest
?Hair Pins /hourBandanas /hourNigel410Mia93
Consider two individuals, Nigel and Mia, who produce hair pins and bandanas. Nigel's and Mia's hourly productivity are shown in Table 3.3. Nigel's opportunity cost of producing one bandana is:
A. 1/4 of a hair pin. B. 2/5 of a hair pin. C. 2.5 hair pins. D. 4 hair pins.