Over the past two centuries, the average annual rates of return were about
a. 5 percent for stocks and about 1.5 percent for short-term government bonds.
b. 6 percent for stocks and about 2.5 percent for short-term government bonds.
c. 8 percent for stocks and about 3 percent for short-term government bonds.
d. None of the above is correct.
c
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If the expected future exchange rate rises, the currency's
A) quantity supplied increases. B) supply decreases. C) supply increases. D) exchange rate falls.
If the expenditure multiplier is 10 and investment spending decreases by $1,000 billion, what will be the change in GDP?
a. -$10,000 b. $2,500 c. $1,000 d. $10,000 e. -$1,000
The ideal pollution tax adds how much to private cost?
a. as much as possible b. an amount that will maximize government tax revenue c. an amount equal to the market price d. an amount equal to the external cost e. nothing
Figure 17-12
In , with a tariff of $0.50 per unit and a world price of $1.00,
a.
25 units will be exported
b.
25 units will be imported
c.
50 units will be exported
d.
50 units will be imported
e.
10 units will be exported