Auditors normally verify the amount of dividends earned on the client's security investments by writing directly to the companies which paid the dividends.
a. true
b. false
Answer: b. false
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A chain-weighted index
A) calculates changes in prices by using an average of base years from neighboring years to obtain a more accurate measure of real GDP growth. B) is used to understate the rate of inflation. C) is a useful tool for determining which fence to purchase. D) uses neighboring years' data to calculate changes in nominal GDP.
If free international trade opens up and a country has a comparative disadvantage in sugar production, we should expect
a. greater sugar consumption in that country b. higher sugar prices in that country c. greater sugar production in that country d. lower sugar prices in sugar-exporting countries e. greater sugar consumption in sugar-exporting countries
You own 10000 bu of wheat in Chicago. You would make the greatest loss if which of the following occurred very quickly?
A. The wheat was hedged and cash price rose $0.50/bu while your basis weakened by $0.15/bu B. The wheat was unhedged and cash price fell by $0.10/bu C. The wheat was hedged and cash price fell $1.00/bu and your basis strengthened by $0.15/bu D. There were no gains in any of the above
When actual output exceeds potential output, _____
Fill in the blank(s) with the appropriate word(s).