As of 2008, the members of the WTO account for what percentage of world trade?
A) 3 percent.
B) 23 percent.
C) 57 percent.
D) 97 percent
D
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Which U.S. President was in office for most of World War II?
a. Herbert Hoover b. Abraham Lincoln c. Franklin D. Roosevelt d. Lyndon Johnson e. Dwight Eisenhower
The primary additional insight provided by expanding the theory of demand from two to three goods is that a pair of goods may now be:
a. gross substitutes. b. gross complements. c. net substitutes. d. net complements.
Which of the following is most likely to happen if the aggregate demand curve for an economy (which was initially in equilibrium) shifts to the left? a. The equilibrium real GDP will decrease
b. The equilibrium price level in the economy will increase. c. The aggregate supply curve will shift rightward. d. The aggregate supply curve will shift leftward. e. The economy will experience an expansion.
For this question, assume that there is perfect arbitrage in the stock market. Given this assumption, economists believe that
A) movements in stock prices can be easily predicted. B) movements in stock prices are largely unpredictable. C) most stocks will diverge from their fundamental value. D) stocks will generally earn a lower rate of return than bonds. E) the rate of return on stocks will be equal to the rate of return on bonds.