A firm that conducts business all over the world is called a(n)
A. multinational corporation.
B. international conglomerate.
C. competitive corporation.
D. government-owned business.
Answer: A
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How many cars will this country import in an open economy situation?
A. 40,000 B. 60,000 C. 80,000 D. 20,000
Initially the nominal interest rate is 8 percent and the inflation rate is 5 percent. People know that the inflation rate increases to 10 percent. What is the new nominal interest rate?
A) 8 percent B) 3 percent C) 13 percent D) 11 percent
Consider the segment of a demand curve along which all price elasticities of demand are less than 1 . A decrease in price anywhere along that segment
a. shifts that segment of the demand curve to the right b. increases total revenue c. decreases total revenue d. shifts that segment of the demand curve to the left e. raises the price elasticity of demand
Describe the major features of the business cycle. Be sure to discuss what variables are affected by the cycle, a description of the key features that are apparent in the data, how variables are related to one another, how regular the cycle is, and how predictable the cycle is.
What will be an ideal response?