The term institutions is commonly used to refer to:
A. development agencies.
B. international groups.
C. government bodies.
D. All of these statements are true.
Answer: D
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Suppose that Firestone Tires buys raw rubber for $5,000 and then uses this to make tires it sells for $20,000 . As a result, GDP has risen by:
a. $20,000 b. $5,000 c. $15,000 d. $25,000
A firm that wished to calculate the present value of its future nominal profits should use the ____ to do so
a. real interest rate b. nominal interest rate c. nominal interest rate minus the expected inflation rate d. real interest rate minus the expected inflation rate
Suppose that Canada decides to peg its dollar ($C, or the loonie) to the U.S. dollar at an exchange rate of $C1 = $US1. Will there be pressure for the Canadian dollar to change in value against the U.S. dollar as a result of the leftward shift of the U.S. IS curve?
A) Yes, the value will appreciate. B) Yes, the value will depreciate. C) No, the value will not change in value. D) Yes, but that pressure will be offset.
A firm's revenue from selling its product minus the cost of inputs purchased from other firms is called:
A. investment. B. value added. C. production costs. D. profits.