. It is possible to, in effect, buy insurance against the proposed adverse effect of currency fluctuations by buying currencies ______.
a. for immediate use
b. in U.S. dollars
c. on the spot market
d. in the futures market
d. in the futures market
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Which of the following tools does the Fed use to pursue its objectives?
A) It influences short-run and long-run interest rates. B) It provides loans to new firms and businesses at extremely low rates of interest. C) It determines the efficient level of government spending. D) It influences market prices through price ceilings and price floors.
Suppose the country of Tiny Town experienced frictional unemployment. This frictional unemployment would
A) definitely signal that the country is in a recession. B) be considered a natural occurrence in a growing economy. C) signal that there are more job leavers than job losers. D) signal that the number of discouraged workers is growing.
Compared to Canada, Japan, Germany, and France, Social Security expenditures as a percentage of GDP of the United States is approximately
a. 12 percent and ranks among the lowest percent of the countries b. 47 percent and ranks among the lowest percent of the countries c. 12 percent and ranks among the highest percent of the countries d. 47 percent and ranks among the highest percent of the countries e. 77 percent and ranks among the highest percent of the countries
Suppose the price of a product is less than its average variable cost. When the firm's fixed obligations are completely ended, it will now most likely
a. make an economic profit b. go out of business c. expand to a bigger operation d. continue to be shut down e. break even