The stock market showed a PE for Alibaba equal to 32. What does PE mean?
A. perfect-earnings ratio
B. price-earnings ratio
C. profit-earnings ratio
D. price-equity ratio
Answer: B
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A supply schedule is a table that reports:
A) the expected excess supply in the market at different prices. B) the profits earned by producers at different levels of production. C) the different quantities of a good that producers are willing to sell at different prices. D) the different quantities of a good that producers are willing to sell at different income levels.
If the Fed lowers the interest rate in the U.S., ________
A) the U.S. net exports will decrease B) the demand curve for dollars will shift to the left C) the demand curve for dollars will shift to the right D) the real exchange rate of the U.S. will appreciate
Policy activists can point to the volatility of ________ of private aggregate demand to score points in arguing for discretionary countercyclical policy
A) the consumption segment B) the consumption and net export segments C) the investment and net export segments D) none of the segments
Assume the standard trade model with two countries (Alpha and Beta), two goods (food and drink), and two factors of production (land and labor). Further assume that Alpha is relatively labor-abundant and drink is relatively labor-intensive. Which of the following is most likely to happen in the long run following the opening of free trade between the countries?
A. The workers in Alpha will be better off but the landowners will be worse off. B. The workers and landowners in the food industry in Alpha will be better off while the workers and landowners in the drink industry will be worse off. C. The workers in Beta will be better off while the landowners will be worse off. D. The workers and landowners in the food industry in Beta will be better off while the workers and landowners in the drink industry will be worse off.