Suppose that you expect during the next year the dollar will appreciate against the pound from 0.5 pound to the dollar to 0.75 pound to the dollar
How much will you expect to make on an investment of $10,000 in British government securities that will mature in one year and pay interest of 8%? A) -59.5%
B) -28%
C) 8%
D) 28%
B
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Gary has to decide between attending a two-day art workshop and a four-day art worksho
A) optimization in levels. B) optimization in differences. C) ordinal analysis. D) comparative statics.
Typically, in towns and villages across the Midwest, bowling alleys are one-story buildings. In Manhattan, one is more likely to bowl in alleys found in multi-story high rises. Why?
A) Because Midwesterners live on flat lands, they think flat and build flat. B) The bowling cultures are different. C) The cost of building single-story bowling alleys in Manhattan is too high. D) Midwestern zoning codes must prohibit bowling alleys in multi-story structures.
Refer to Figure 11-2. The curve labeled "E" is
A) the output supply curve. B) the average product curve. C) the marginal product curve. D) the total product curve.
Development economists suggest that the best strategy for the poorest DVCs to break out of their poverty is to implement policies that boost their:
A. Population growth for a greater labor supply B. Output and slow down their population growth C. Birth rates to expand their available resources D. Mortality rates to slow down their population growth