The stock market showed a PE for Alibaba equal to 32. What does PE mean?
A) price-earnings ratio
B) profit-earnings ratio
C) perfect-earnings ratio
D) price-equity ratio
A
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A country is likely to have a comparative advantage in a capital-intensive activity if it has a:
A. higher amount of labor relative to its population. B. higher opportunity cost of producing technology. C. large amount of capital relative to its landmass. D. lot of land relative to its population.
(Figure: Long-Run Aggregate Supply Curves) Which of the following can explain the shift of the long-run aggregate supply curve from A to C in the figure?
What will be an ideal response?
Economies of scale do not exist in the presence of indivisible setup costs.
Answer the following statement true (T) or false (F)
The balance of payments is
A) a summary record of the financial transactions of a country's government with foreign governments. B) a summary record of a country's imports and exports of goods with foreign residents and governments. C) a summary record of a country's economic transactions with foreign residents and governments. D) a summary record of a country's purchases and sales of goods and services in the world market.