Dividing the number seventy-two by an interest rate yields
A. the real interest rate after seventy-two years.
B. the Rule of 72.
C. the square root of seventy-two.
D. the lowest common denominator of seventy-two.
Answer: B
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The Arrow impossibility theorem states that
A) it is impossible for a majority voting system not to consistently represent the preferences of voters. B) it is impossible to separate corporate desires from public bureaucracy. C) no system of voting can be devised that will ensure a 100 percent voter turnout. D) no system of voting can be devised that will always consistently represent the underlying preferences of voters.
If expectations about inflation are adaptive, they are ________
A) formed by looking at the future B) likely to change rapidly C) based on past inflation D) all of the above E) none of the above
Regulation of a natural monopoly that forces it to price and produce as if it were a competitive firm results in
A) the market being instantly competitive. B) higher profits for the monopoly. C) economic losses for the monopoly. D) a highly unstable marketplace.
A U.S. retailer buys shoes from an Italian company. The Italian firm then uses all of the revenues to buy leather from the U.S. These transactions
a. increase both U.S. net exports and U.S. net capital outflow. b. decrease both U.S. net exports and U.S. net capital outflow. c. increase U.S. net exports and do not affect U.S. net capital outflow. d. None of the above is correct.