Over-the-counter (OTC) markets:
A. are centralized exchanges but you must be a dealer to be part of an exchange.
B. only deal in the stocks of companies with over $100 million in capital.
C. employ specialists to minimize price volatility.
D. are networks of security dealers linked electronically.
Answer: D
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The most common tool of analysis in international finance for measuring the average value of a currency relative to several other currencies is
A) bilateral exchange rates. B) cross exchange rates. C) exchange rate indexes. D) All of above.
Explain how government policies that redistribute income from the rich to the poor might reduce efficiency
Table 35.1CountryTons of SoybeansComputerChina100300United States150750Based on the information in Table 35.1, assume China and the United States have the same amount of resources with which to produce soybeans and computers and they produce no other goods. From the information in Table 35.1, it is clear that
A. China has a comparative advantage in computers. B. The United States has an absolute advantage in both goods. C. The United States has a comparative advantage in both goods. D. China has both an absolute and comparative advantage in soybeans.
Microeconomics includes the study of:
A. a firm's pricing policies. B. inflation. C. business cycles. D. unemployment.