The Lost Decade began in 1990 when Colombia announced that it lacked the international reserves it needed to pay the interest and principle due on its foreign debt
Indicate whether the statement is true or false
FALSE
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When employees are paid more than their worth when they are hired and less than their worth near retirement
A) compensation is forward loaded. B) compensation is backloaded. C) compensation is fair. D) compensation is independent of productivity.
Technology can enable producers to economize on:
a. labor b. capital c. land d. any of the above.
Which of the following is the best analogy? Inflation is like:
A. a mile having more feet. B. a day having more hours. C. a minute having fewer seconds. D. a pound having more ounces.
Which of the following best explains why the long-term interest rate will generally change by less than 1% when the short-term interest rate changes by 1%?
A) The mathematical calculations are more difficult for analysts in the case of long-term bonds. B) Long-term rates are always lower than short-term rates, so there is less room for them to change. C) Financial market participants will not expect this increase in the short-term interest rate to persist fully in the future. D) Financial markets are often affected by bubbles and fads. E) none of the above