China's capital market is:
a. efficient because it lends to large companies
b. is comprised of private lenders who are willing to led for long maturities
c. noted for lending based on political considerations
d. does not discriminate between public and private borrowers
e. none of the above
C
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The table below describes the value added in the production of a gallon of gasoline by each stage of production
(The values are hypothetical.) a) What is the value added by each stage of production? b) What is the total value added? For simplicity, you can ignore the cost of the inputs for oil drilling.
A policymaker that wants to make sure that the services of the government continue to be provided during a time when there are a growing number of people that rely on them is likely to argue for the use of
A. crowding out. B. baseline budgeting. C. regressive taxes. D. current services budgeting.
The statement "Unemployment should be below 6 percent" is
A) a positive statement. B) a normative statement. C) a prediction. D) an assumption.
Suppose the total population of an economy is 150 million, the labor force is 100 million, and the unemployment is 94 million. The unemployment rate is _____
a. 6 percent b. 80 percent c. 94 percent d. 10 percent e. 15 percent