Which of the following is true of capital markets during the 1980s?
A. The majority of financial capital was locally generated.
B. The mortgages available to buy a house were mostly from abroad.
C. The capital markets were more profitable as compared to the 1990s.
D. The capital-gains tax was at an all-time low of 10%.
Answer: A
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The president's budget is submitted to Congress fifteen days after Congress convenes in _____
a. January b. February c. September d. October
In ____ price discrimination, the monopolist charges each consumer the highest price that purchaser is willing to pay for each unit purchased (provided that this price exceeds the marginal cost of production)
a. first-degree b. second-degree c. third-degree d. a and b e. none of the above
The Friedman natural rate theory states that
A) in both the short run and the long run the economy stays at its natural rate of unemployment. B) the economy will not return to its natural rate of unemployment in either the short run or the long run. C) the economy stays at its natural rate of unemployment in the short run, but not in the long run. D) in the long run the economy returns to its natural rate of unemployment.
Between 1998 and the end of 2000, the U.S. ran a large trade deficit; this should have caused the dollar to depreciate against foreign currencies but instead the dollar appreciated. The main reason for this is:
A. the dramatic increase in U.S. stock prices attracted a lot of foreign capital increasing the demand for dollars by more than the increase in the supply of dollars. B. the supply of dollars actually fell. C. the demand for dollars shifted left by more than the supply of dollars shifted right. D. foreign exchange markets are slow to react.