In the figure above, how many units of corn are produced at point a?
A) 2000
B) 2500
C) 3000
D) We can’t tell without more information
B) 2500
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Refer to Table 11.1. At the equilibrium level of output, y*, what is the level of imports?
A) 266.25 B) 356.25 C) 1065.00 D) 1425.00
Assume the following exchange rates for today: $1=140 yen and 1 Danish krone = $0.10. We can conclude
A) 1 yen = 280 kr. B) 1 yen = 14 kr. C) 1 kr. = 28 yen. D) 1 kr. = 14 yen.
The theory that there is no way to "get rich quick" in securities due to a lack of predictable trends is
A) no-win theory. B) market trend analysis. C) random walk theory. D) trading.
The interest rate in the federal funds market:
a. is determined by the imposition of price controls imposed by the Fed. b. rises when the quantity of funds demanded by banks seeking additional reserves exceeds the quantity supplied by banks with excess reserves. c. will fall if the Fed sells bonds and, thereby, reduces the reserves available to banks. d. is an interest rate that is largely unaffected by the policies of the Fed.