Checking to see whether the most profitable positive sales quantity results in a greater profit than not producing at all is the basis of what rule?
A. Interior Action Rule
B. Quantity Rule
C. Shut-down Rule
D. Profit-maximizing Rule
C. Shut-down Rule
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If the 12-month interest rates for the United States and the United Kingdom are 6% and equal, and £1 = $2 in the spot market, then what do you expect the 12-month forward rate to be?
A) 2.10 B) 1.90 C) 2.00 D) 2.11
Portfolio investment is defined as
A) the purchase of less than 40 percent of the shares of ownership in a company in another country. B) the acquisition of more than 40 percent of the shares of ownership in a company in another country. C) the diversification of purchasing shares in many companies in one country so that risk is kept to a minimum. D) none of the above
Which of the following was a country that ran large deficits in the mid-1990s, and plunged into deep recession in 1997 and 1998 when foreign investors became concerned about the health of these economies, and quickly pulled their money out of stock and bond markets, real estate, and banks?
a. North Korea b. Argentina c. Thailand d. India
Which of the following statements about GDP is correct?
a. GDP measures two things at once: the total income of everyone in the economy and the total expenditure on the economy's output of goods and services. b. Money continuously flows from households to firms and then back to households, and GDP measures this flow of money. c. GDP is generally regarded as the best single measure of a society's economic well-being. d. All of the above are correct.