Which of the following individuals is least likely to use value at risk as an important factor in his/her investment decision?
A. An individual considering a mortgage to buy his first home.
B. A policy maker considering regulation of depository institutions.
C. A family considering purchasing health insurance.
D. A mutual fund manager choosing the allocation of investments in the fund's portfolio.
Answer: D
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The expenditure approach to measuring GDP is based on summing
A) wages, interest, rent, and profit. B) each industry's production. C) the total values of final goods, intermediate goods and services, used goods, and financial assets. D) consumption expenditure, investment, government expenditure on goods and services, and net exports of goods and services. E) consumption expenditure, investment, government expenditure on goods and services, and net exports of goods and services minus wages, interest, rent, and profit.
If a country has a current account surplus, it also has
A) a financial account surplus. B) an increase in its official reserve assets. C) a balance of payments deficit. D) an increase in its holding of net foreign assets.
American economic history is important because it will help you understand
(a) how to change strategically the course of the future since it was shaped by the past. (b) why some armies failed and others succeeded. (c) how to change the past. (d) how to produce the exact same type of successful growth and development in other countries.
For a competitive firm, the marginal revenue product is:
A. always positive and nears zero as quantity increases. B. always negative and nears zero as quantity increases. C. zero when profits are maximized. D. decreasing eventually as quantity increases.