When investors invest in something simply because everyone else is doing it, they are:
A. leveraging market performance for their own gain.
B. suspect to "tulip mania."
C. acting objectively on full information available in the market.
D. following a "herd instinct."
Answer: D
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The U.S. exports computers with a domestic price of $100,000 and the yen/dollar exchange rate is 120 on January 1, 2003. On January 1, 2004 the yen/dollar exchange rate is 125
What is the yen price of the computers on January 1, 2003? What is the yen price of the computers on January 1, 2004?
Immediately after being collected, taxes are deposited in
A) tax and loan accounts. B) the Federal Reserve Bank of New York. C) Federal Reserve district banks around the country. D) the Congressional Vault.
Whole life insurance has decreased in popularity due to:
A. mergers with property and casualty companies, raising the cost of all insurance. B. lower interest rates on alternative savings vehicles. C. many whole life insurance companies becoming bankrupt. D. cheaper savings alternatives that have developed, making whole life policies expensive savings vehicles.
Every point on the joint production possibilities frontier represents
A) an initial endowment. B) inefficient production. C) the marginal rate of substitution of goods for each producer. D) at least one producer specializing in production.