Which of the following is an example of an intermediate good?
A. A new CD player sold to a teenager
B. A new CD player sold to an automaker for installation in a car
C. A metal-stamping machine used to produce cars sold to an automaker
D. A new car sold to a family
Answer: B
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The largest component of household consumption spending is expenditures on
a. services b. durable goods c. nondurable goods d. food e. transportation
Which of the following is a financial intermediary?
a. a mutual fund b. the stock market c. a U.S. government bond d. a wealthy individual who regularly buys and holds large quantities of government bonds
Tanya is a manager at a global firm that has operations located in Brazil, India, and Japan. Tanya is in the process of making a fundamental analysis in order to forecast exchange rates in each country. Which of the following is a confidence factor that Tanya should consider in trying to predict exchange rate movements in each country?
A) What are the expectations of the market with respect to the political environment? B) Have there been significant national events that have appeared in the news lately? C) At what rates do there appear to be buy and sell orders? D) What trends do the charts show?
The relationship between money supply, output, and the overall level of prices is illustrated by the:
A. measure of real output. B. aggregate price level. C. neutrality of money. D. classical theory of inflation.