Which of the following is a reserve target specified in the FOMC directive?
A) Bank reserves
B) Commercial bank capital requirements
C) Demand deposits
D) The prime rate
A
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To have more consumer goods in the future, we must
A) produce more capital goods today. B) lower current income. C) get government involved in the production process. D) stop producing all goods today.
The PE ratio for a stock is
A) the predicted earnings per share of the stock divided by its current yield. B) the current yield of the stock. C) the price of the stock divided by its earnings per share. D) the predicted volatility of the stock.
Suppose in India, one unit of labor can produce 330 pounds of rice or 110 shirts in a year. In China, one unit of labor can either produce 400 pounds of rice or 200 shirts in a year. Which of the following statements is true?
a. India has a comparative advantage in the production of rice. b. China has a comparative advantage in the production of rice. c. India has an absolute advantage in the production of shirts. d. India has an absolute advantage in the production of rice.
If the U.S. real exchange rate is greater than 1, then there is the possibility of arbitraging by buying foreign goods to sell in the U.S
a. True b. False Indicate whether the statement is true or false