Which of the following is not an important stock exchange in the United States?
a. New York Stock Exchange
b. American Stock Exchange
c. Chicago Mercantile Exchange
d. NASDAQ
c
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An economy produces at point a on the PPF shown in the above figure. A drought reduces the amount of wheat produced and the economy produces at point b. The opportunity cost of a unit of wheat ________
A) remains the same B) increases C) is impossible to calculate without numbers on the axes D) decreases
Suppose there is a new technological invention that will allow you to put any resource into a special black box and in an instant anything that you program it to produce will be produced? Does this invention end scarcity? Why or why not?
What will be an ideal response?
Give 3 reasons for deviations from IRP. Do these deviations indicate unexploited profit opportunities for investors?
What will be an ideal response?
Everything else constant, a higher interest rate will tend:
A) to increase consumption spending as people face increasing debt B) to reduce consumption spending as people have a greater incentive to save C) not to change consumption spending because consumption is only affected by income D) not to change total consumption spending, but to change who does the spending E) to reduce both consumption spending and saving as people face increased debt