From 1960 to about 1980 the net capital outflow of the U.S. was typically
a. small but always positive.
b. small and sometimes negative and sometimes positive.
c. large and positive.
d. large but sometimes negative and sometimes positive.
b
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The cross-price elasticity of demand for textbooks and copies of old exams is ?3.5. If the price of copies of old exams increases by 10 percent, the quantity demanded of textbooks will:
A. rise by 3.5 percent. B. rise by 35 percent. C. fall by 35 percent. D. fall by 3.5 percent.
Harold purchased farmland a long time ago because he felt the stock market was too risky. Now he is afraid of the risk that someone will get hurt on his land and sue him. Which financial intermediary can Harold use to protect the money he has invested in farmland from being taken in a lawsuit?
a. a mutual fund b. a savings and loan c. a bank d. an insurance company
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, Point A necessarily represents
A. only hybrid cars being produced. B. an unattainable production point. C. what society wants. D. the economy's optimal production point.
A p-value of 0.03 means that there is only a 0.03% chance of obtaining the measured result.
Answer the following statement true (T) or false (F)