A U.S. citizen buys a Japanese bond. This transaction will be entered as a
A. debit in the U.S. current account.
B. credit in the U.S. current account.
C. debit in the U.S. capital account.
D. credit in the U.S. capital account.
Answer: C
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George is a kitchen designer at Home Depot. What might cause George's supply curve of labor to shift to the left?
a. Kitchen prices decrease due to a decrease in the cost of lumber. b. George wins the lottery. c. The wage rate George gets increases. d. The wage rate George gets decreases. e. George's MRP increases after he takes computer classes.
Suppose interest of 5% for two years can be earned on $1,000 saved today with no risk. What is the least amount a person would need to have a 50% chance of winning to be willing to face a 50% chance of losing $1,000 today and be considered risk averse?
a. $907.03 to be paid in two years b. $1,000.01 to be paid in two years c. $1,100.01 to be paid in two years d. $1,102.51 to be paid in two years
Which of the following is a distinguishing feature of a command system?
A. Private ownership of all capital. B. Central planning. C. Heavy reliance on markets. D. Widespread dispersion of economic power.
The failure set of attitudes—disrespect, dishonesty, unreliability—is usually seen by potential employers as a sign of?
A. ?high productivity. B. ?low productivity. C. ?independent thinking. D. ?rugged individualism.