Railroads, automobiles, television, computers, and genetic engineering are all examples of new industries that are believed by many economists to have triggered
a. innovation cycles
b. all internal cycles
c. all external cycles
d. short-run cycles
e. multiple-investment cycles
A
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The number of buyers of sport utility vehicles, SUVs, decreases sharply. So the
A) demand curve for SUVs does not shift, but there is a movement downward along it. B) demand curve for SUVs shifts leftward. C) demand curve for SUVs shifts rightward. D) demand curve for SUVs does not shift, nor is there a movement along then demand curve. E) supply curve for SUVs shifts rightward.
The ________ is the most popular dominant currency that countries fix their currency against
A) Swiss franc B) U.S. Dollar C) SDR D) Euro
If the nominal interest rate is 2.9 percent and the rate of inflation is 0.6 percent in a given year, then what is the corresponding real rate of return?
A) 3.5 percent B) 2.3 percent C) -3.5 percent D) None of the above.
Speculators who think the euro is likely to decline over the next year can take all of the following actions EXCEPT
A) buying put options on euros. B) sell euro futures contracts. C) sell euro forward contracts. D) buying call options on euros.