Which of the following is characteristic of DVCs?
A. A large percentage of the labor force is in agriculture.
B. High levels of saving and investment.
C. High labor productivity.
D. High levels of training.
A. A large percentage of the labor force is in agriculture.
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In 2012, which of the following countries had the highest share of investment spending in GDP?
A) China B) France C) the United States D) Germany
Adverse selection will occur in a market as a result of
A) rational ignorance. B) moral hazard. C) the sale of "lemons." D) asymmetric information.
A depreciation in the value of the U.S. dollar would:
a. encourage foreigners to travel on American owned airlines. b. make U.S. goods more expensive to foreign consumers. c. decrease the number of dollars it takes to buy a Swiss franc. d. make it more expensive for U.S. citizens to travel abroad.
When investors become irrationally optimistic that an asset's price will continue to rise, it causes a financial bubble to:
A. become doubted by most serious investors. B. start to inflate. C. be on the verge of bursting. D. burst.