A financial instrument would include:
A. only a written obligation and a specified date.
B. only a written obligation and a transfer of value.
C. a written obligation, a transfer of value, a specific date for payment, uncertain conditions.
D. a written obligation, a transfer of value, a future date, and certain conditions.
Answer: D
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A movement downward toward the right along a typical production possibilities curve represents
a. decreasing production of both goods under consideration. b. increasing production of both goods under consideration. c. increasing production of one good and decreasing production of the other. d. increasing production of one good with no change in production of the other.
In a consumer-oriented economy, the decision to save in order to promote economic growth: a. means a sacrifice of current consumption in order to enhance future consumption. b. must be enforced by high levels of taxation
c. cannot be expected to benefit future generations. d. none of the above.
If consumption in the United States was 68 percent of GDP, investment was 19 percent, government purchases were 13 percent, exports were 14 percent, and imports were 14 percent, net exports were equal to ____ percent of GDP
a. -1 b. 0 c. -28 d. 28
The Coase theorem holds well in situations where information and transaction costs are substantial
a. True b. False Indicate whether the statement is true or false