Prior to World War II, in the United States, financial crises occurred every ________ years or so
A) twenty
B) seven
C) fifty
D) three
A
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Which of the following people is least likely to be hurt by inflation?
a. A salesperson who works on commission b. A retired couple living on a pension c. An individual who enters into a fixed-wage contract for the next three years d. An individual who agrees to lend money at a fixed rate of interest for the next three years e. An individual working at the minimum wage which seldom changes
Microeconomics is the branch of economics that deals with
A) highly aggregated markets or the entire economy. B) the production side of the economy, exclusively. C) the buying side of the economy, exclusively. D) human behavior and choices as they relate to relatively small units --- an individual, a firm, an industry.
Which of the following would most likely be classified as a natural monopoly?
A. Microsoft B. a city water district C. Disneyland D. Exxon-Mobil
Assume that the current spot exchange rate is $1.98/£, that the three-month forward exchange rate is $2.00/£, and that a speculator believes that the spot rate in three months will be $2.05/£. How can this person speculate in the forward market? Also assume that the speculator is willing to take a position of about $20 million or £10 million. How much will the speculator earn if he or she is correct?
What will be an ideal response?