What is the reason that all economic issues and problems occur?
A) All nations use some form of money to buy and sell goods and services.
B) People seek only their own self-interest.
C) Powerful governments are able to control production and consumption.
D) Human wants exceed the resources available to satisfy them.
E) Humans are always wasteful and inefficient in production and consumption.
D
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Which of the following might the Fed rely on as an intermediate target?
A) The monetary base B) The discount rate C) M2 D) The exchange rate of the dollar
All of the following are true regarding transfer prices except which one?
A) Transfer prices can affect the taxes a firm must pay. B) The transfer price is the internal firm price on an input that input-producing division charges the input-using division. C) Transfer prices occur when a firm engages in divestiture. D) Transfer prices are an accounting entry for the within-firm price of an input.
Under competitive conditions, the relative price of a finite resource would be expected to:
a. rise at an increasing rate. b. rise at a rate equal to the real interest rate. c. rise at a rate equal to the nominal interest rate. d. rise at a rate determined by demand conditions.
A firm that wished to calculate the present value of its future nominal profits should use the ____ to do so
a. real interest rate b. nominal interest rate c. nominal interest rate minus the expected inflation rate d. real interest rate minus the expected inflation rate