Which of these is NOT an element of fiscal policy?
A. Government spending
B. Interest rates
C. Taxes
D. Government borrowing
Ans: B. Interest rates
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Todays international exchange rate system operates on the gold standard
a. True b. False
Proponents of a command economy argue that it promotes:
a. efficiency. b. equity. c. consumer sovereignty. d. economic growth.
Consider an industry with two firms producing similar products. Each firm's total cost (in dollars) is given below.Acme Manufacturing: TC = 100 + 3Q Generic Industries: TC = 500 + 3Q When each firm is producing the same quantity, Acme's average total cost is:
A. lower than Generic's average total cost at some levels of output, and higher than Generic's average total cost at other levels of output. B. lower than Generic's average total cost. C. equal to Generic's average total cost. D. higher than Generic's average total cost.
If you were going to evaluate the how much money you will have after ten years of saving $100 per month, which Excel function would help you calculate it?
A. FV B. Profit C. PMT D. Invest