Under the Bretton Woods system, a fixed exchange rate supported by central banks was known as a(n) ________ exchange rate
A) equilibrium B) par C) fundamental D) target
B
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You are considering playing a card game. The rules of the game are such that you pick a card from a standard deck of 52 cards and if the card is a diamond, you win $30 . The catch is, you have to pay the dealer a fee of $10 to play the game
What is the expected value of this gamble? (Hint: In a standard deck of cards, ΒΌ of the cards are diamonds).
Tariffs and other trade restrictions increase the domestic scarcity of products from abroad. Such policies benefit domestic producers of the restricted products at the expense of domestic consumers. This statement: a. is essentially correct
b. contains two errors; trade restraints do not increase the domestic scarcity of product and neither do they harm domestic consumers. c. contains one error; domestic producers gain at the expense of foreign producers rather than domestic consumers. d. contains one error; the trade restraints do not increase the scarcity of foreign produced goods.
Which of the following is not a nonsensical headline?
a. British perpetuities about to mature. b. Disney issues new bonds with term of 7 percent. c. Corporate bonds currently pay higher interest rates than government bonds. d. Standard and Poor's judges new junk bond to have very low credit risk.
If the cost of the Department of Agriculture's minimum food budget for two people is $3,000 per year, the official poverty line for a family of two would be
A. $1,000. B. $3,000. C. $9,000. D. $18,000.