Which of the following guarantees the deposits in almost all banks up to a $250,000 limit per account?
a. the Federal Reserve
b. the FDIC
c. the U.S. Treasury
d. Bank of America Corporation
B
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When oligopolies seek to operate as a single-price monopoly, the firms produce at the point where:
A) P = MC. B) MR = MC. C) P < ATC. D) P = MR. E) MC = ATC.
Suppose the current exchange rate between the Mexican peso and the U.S. dollar is 12 pesos = $1
Mexico's GDP in dollars would be greater if the purchasing power parity exchange rate was used to convert pesos to dollars if you could buy the same goods in the United States with ________ as you can in Mexico with ________. A) $1; 12 pesos B) $10; 150 pesos C) $100; 900 pesos D) $1,000; 20,000 pesos
Super Haulers is a hauling company and delivers large and heavy materials to construction job sites. Super Haulers is considering purchasing a new dump truck that costs $185,000 and the managers of Super Haulers have estimated that the new dump truck will generate $50,000 a year in future operating profit for the next four years. At the end of four years, Super Haulers can sell the dump truck at
a salvage price of $20,000. If the discount rate is 5 percent, which of the following is true if the managers of Super Haulers are profit-maximizing? A) The manager should not make the investment because the net present value is negative. B) The manager should make the investment because the net present value is positive. C) The manager should make the investment because the net present value is negative. D) The manager should not make the investment because the net present value is positive.
Economic data that are adjusted for price-level changes are said to be expressed in terms of
A. historical dollars. B. variable dollars. C. nominal dollars. D. real dollars.