Promoters for the Rolling Stones were clearly "short selling" when
A) they distributed their latest CD to radio stations free of charge.
B) they sold their latest CD to retailers at wholesale prices.
C) they sold the world-tour concert tickets weeks in advance.
D) they promoted the band without Bill Wyman, the original bass player.
C
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Refer to Figure 2-14. What is the opportunity cost of producing 1 snow cone in Greenland?
A) 2/3 of a popsicle B) 5/6 of a popsicle C) 1 1/5 popsicles D) 200 popsicles
When the United States sends money to Japan to help earthquake survivors, in which account is this transaction recorded?
A) the financial account B) the capital account C) the foreign services account D) the current account
Which of the following is a true statement?
a. GDP per capita does not account for the difference in the cost of living among nations. b. The LDC classification is of the questionable accuracy. c. All of the answers are correct. d. GDP per capita is affected by exchange rate changes. e. GDP per capita ignores the degree of income distribution.
The taxes paid by citizens are directly related to the benefit of government goods and services received.
A. True B. False C. Uncertain