The United States is a leading exporter of wheat. What explains the comparative advantage of the United States in wheat production?
A) a large supply of unskilled labor
B) positive externalities
C) investment by multinational firms such as Archer-Daniels-Midland and Tyson Foods Inc.
D) climate and soil conditions in the United States which are well-suited for wheat production
D
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If profits are reinvested in the corporation, then
A) payments made to bondholders will be less. B) there are fewer funds available to distribute to stockholders. C) the company will sell more bonds in order to pay dividends to stockholders. D) the high profits indicate that common stockholders will get larger dividends than normal.
The preferred asset ratio "U/D" affects the M2 money multiplier because:
a. Actually, it is does not affect the M2 money multiplier because customary reserves are not a part of M2. b. Funds kept in customary reserves reduce financial institution's ability to lend. c. U/D affects the required reserves financial institutions must hold and thereby affects the banking system's lending ability. d. U/D determines the funds flowing into near-money accounts. e. None of the above.
Refer to Exhibit 6-3. What is the random variable in this experiment?
a. the weight of football players b. 200 pounds c. 25 pounds d. the normal distribution
Electronic money and smart cards will increase the problems for the Federal Reserve in controlling the money supply.
Answer the following statement true (T) or false (F)