Prior to the creation of the Fed, promissory notes that were issued by banks with a pledge to redeem them for gold, were known as
a. assets
b. transactions notes
c. precautionary notes
d. FDIC vouchers
e. bank notes
E
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Suppose Chris's marginal utility from the first taco he eats is 15, and his marginal utility from the second taco he eats is 12. One can infer that:
A. Chris should eat two tacos. B. Chris's total utility from eating two tacos is 27. C. Chris's average utility from eating two tacos is 27. D. Chris should eat one taco.
Which of the following financing tactics would most likely help an MNE avoid bankruptcy?
A) integrating e-commerce opportunities with domestic sales in order to maintain a steady balance of income and expenditures B) agreeing to forward contracts with customers and hedging purchases and sales on future currency rates C) organizing the capital structure so that the amount of debt financing is twice the level of equity financing D) keeping the percentage of debt in the capital structure to a level that can be managed even during difficult business conditions
Answer the following statements true (T) or false (F)
1. If the consumer is willing to pay a price higher than the actual price of a product, then the consumer will not buy the product because the consumer surplus will be negative. 2. Consumer surplus is the reason why sometimes a shopper regrets having bought a particular item. 3. Assume that there are four consumers A, B, C, and D, and the prices that each of them is willing to pay for a glass of lemonade is, respectively, $1.50, $1.20, $1.00, and $0.90. If the actual price of lemonade is $1.00 per glass, then consumer surplus in this market will be $0.70. 4. When the marginal benefits exceed the marginal costs of producing a product, then allocative efficiency is not achieved in the market.
An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease