Which of the following would increase the demand for U.S. dollars in the foreign exchange market?
a. the spending of U.S. tourists in France
b. the purchase of Japanese automobiles by American consumers
c. the sale of U.S. computer equipment to a Canadian buyer
d. the purchase of a Mexican shoe factory by a U.S. investor
c
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Consider estimating a consumption function from a large cross-section sample of households. Assume that households at lower income levels do not have as much discretion for consumption variation as households with high income levels
After all, if you live below the poverty line, then almost all of your income is spent on necessities, and there is little room to save. On the other hand, if your annual income was $1 million, you could save quite a bit if you were a frugal person, or spend it all, if you prefer. Sketch what the scatterplot between consumption and income would look like in such a situation. What functional form do you think could approximate the conditional variance var(ui Inome)? What will be an ideal response?
Total government spending (federal, state, and local) sums to approximately:
a. 10 percent of the U.S. economy. b. 20 percent of the U.S. economy. c. 40 percent of the U.S. economy. d. one-half of the U.S. economy.
The Second Circuit and Eleventh Circuit Courts of Appeal affirmed dismissal of securities fraud claims because the plaintiffs did not adequately plead scienter under the standard imposed by the Private Securities Litigation Reform Act of 1995. Scienter is defined as which of the following?
(a) The standard of reasonableness required of a prudent person in the management of his affairs (b) An untrue statement of a material fact (c) The intent to deceive, manipulate, or defraud (d) The failure to maintain due diligence during the issuance of new securities known as an IPO
The United States consumes more energy per person than any other country in the world.
Answer the following statement true (T) or false (F)