A majority of the world's exports are exported to
a. small countries
b. less-developed countries
c. poor countries
d. industrially-developed countries
e. the United States
D
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Classical economists assumed that
A) wages were inflexible. B) individuals suffered from money illusion. C) prices were sticky. D) none of the above.
Investment banks differ from commercial banks in the fact that
A) investment banks work only with wealthy customers while commercial banks work only with private firms. B) commercial banks sell stocks on behalf of their customers while investment banks just finance loans. C) commercial banks issue stocks and bonds while investment banks do not. D) investment banks help other financial institutions and governments engage in financial markets while commercial banks work with individuals. E) commercial banks service the needs of local governments while investment banks work with the federal government.
Demand curves slope ________ because as the price increases and other things remain the same, the quantity demanded ________
A) downward; decreases B) downward; increases C) upward; decreases D) upward; increases E) downward; does not change
The authors cite a recent study of MBA programs that compares pre-MBA salaries with post-MBA salaries
For some of the highest ranked schools, the salary difference was roughly $100,000 per year, and the difference was roughly $60,000 for some schools ranked near the bottom of the top 20. Is it possible that the financial returns from an MBA earned at a lower ranked school may actually exceed the returns from a top ranked school? A) Yes, the lower ranked schools may provide a higher net present value for the degree if their tuition is low enough. B) Yes, but the potential gains depend on the discount rate and not the tuition. C) No, the salary advantages of the top ranked schools always payoff in the long run. D) We do not have enough information to answer the question.