A World View titled "Export Ratios" examines the openness of trade for several countries based on the trade to GDP ratio. Of the countries listed below, which exports the least (as measured as a percentage of GDP)?
A. United Arab Emirates.
B. United States.
C. Canada.
D. Belgium.
Answer: B
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If a firm doubles all of its inputs and its output triples, it is said to be experiencing
a. diminishing marginal returns. b. increasing marginal returns. c. diseconomies of scale. d. economies of scale. e. constant average costs.
Which of the following is NOT an example of monetary policy? a. The Federal Open Market Committee decides to sell bonds
b. The Federal Open Market Committee decides to buy bonds. c. The Federal Reserve reduces the reserve requirements. d. The Federal Reserve facilitates bank transactions by clearing checks.
The loss of the profit motive by a publicly-owned natural monopoly causes which of the following to happen?
A. Increased motivation to cut costs B. Increased pressure from the public to cut costs C. Increased pressure from the public to turn a profit D. Decreased incentive to improve efficiency
In considering the holding period return, the longer the term of the bond the:
A. less important is the coupon rate and the more important is the current yield. B. less important is the capital gain. C. more important is the capital gain. D. less important is the capital gain and the more important in the current yield.