The 1997-1998 Asian crisis began as a crisis of confidence in China's financial system
a. True
b. False
B
You might also like to view...
According to the quantity theory of money, if an economy produces 5,000 units of output, its money supply equals $40,000 and the velocity of money equals one, then the price level will equal:
a. $0.13. b. $1.25. c. $8. d. $200. e. $8,000.
When speculators begin to sell futures contracts, suppliers will
a. try to sell more in the spot market. b. store more of their crop to sell in the future. c. not have any incentive to change their plans. d. earn larger profits.
Which of the following topics is a macroeconomic subject?
A) a proposed merger between two companies B) the level of sales at a particular department store C) increases in the overall price level of a nation D) the pricing decision of a firm
A firm is currently producing at the point where MC = MR. The situation for the firm at this point is P = $5, Q = 100, ATC = $6, AVC = $5.50. What do you recommend this firm do?
A. Shut down, because ATC > P. B. Increase production above the current output rate, because MC = MR at this rate of output. C. Continue to produce the current output rate, because P > AVC. D. Shut down, because AVC > P.