Enterprises obey horizontal orders if the reward from the vertical transaction exceeds the reward from the horizontal transaction
a. True
b. False
B
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
Financial deepening is synonymous with ________
A) issuing equities B) financial development C) borrowing additional funds from world capital markets D) holding a well diversified portfolio
Other things the same, if the expected return on U.S. assets increases, the
a. supply of dollars in the market for foreign-currency exchange shifts right. b. supply of dollars in the market for foreign-currency exchange shifts left. c. demand for dollars in the market for foreign-currency exchange shifts right d. demand for dollars in the market for foreign-currency exchange shifts left.
Suppose that consumers' preferences are well behaved in that properties 4-1 to 4-4 are satisfied. Furthermore, assume that X is a normal good, Y is an inferior good, and the price of good Y increases. Then, which of the following effects is known with certainty?
A. The income and substitution effects will reinforce one another, leading to an overall increase in the consumption of good Y. B. The income and substitution effects will have competing effects, leading to an indeterminate impact on the consumption of good Y. C. The income and substitution effects reinforce one another, leading to an overall decrease in the consumption of good X. D. The income and substitution effects will reinforce one another, leading to an overall increase in the consumption of good X.