Which of the following is most characteristic of most developing nations?
A. Roughly equal distribution of income among the population
B. High levels of labor productivity in agriculture
C. Low propensity to consume goods and services
D. Low levels of saving and investment
D. Low levels of saving and investment
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The option to buy a company's stock at some future time at current prices is often given to CEOs
a. as an incentive to take actions that will raise the share price. b. because CEOs are often friends of those who hire them. c. as a means of discouraging the CEO from taking any risky actions. d. because this has become the custom of the business culture.
Answer the question based on the following information on the banking system. Deposits at the central bank = 200 U.S. Government Securities = 600 Checking Deposits = 1,700 Loans = 800 Stockholder's Equity = 70 Other Assets = 450 Other Liabilities = 230 Borrowing from the central bank = 100 Cash in the Vault = 50 The reserve ratio on transactions deposits = 10% The banking system's excess reserves
equal: a. 80 b. 1,500 c. a multiple of 250 d. 1,450 e. None of the above is correct
Given the following formula for the Taylor rule:Target federal funds rate = natural rate of interest + current inflation + 1/2(inflation gap) + 1/2(output gap)Every one percent increase in the rate of inflation will:
A. increase the real federal funds rate by 1.5%. B. increase the real federal funds rate by 0.5%. C. increase the target federal funds rate by 1.5%. D. increase the target federal funds rate by 1.5% and increase the real federal funds rate by 0.5%.
The fact that a gallon of gasoline commands a higher market price than a gallon of water indicates that:
A. gasoline is an economic good but water is not. B. the marginal utility of gasoline is greater than the marginal utility of a gallon of water. C. the average utility of a gallon of gasoline is greater than the average utility of a gallon of water. D. the total utility of gasoline exceeds the total utility of water.