Internationally, the TRIPS agreement is uniformly regarded as a positive step for world prosperity
Indicate whether the statement is true or false
FALSE
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The ________ rate represents the difference between the spot and forward price
A) profit B) swap C) spread D) risk
The current deficit minus net interest is called the
A) primary deficit. B) net current deficit. C) current surplus. D) primary current deficit.
Keynesians argue that changes in wages will lag price level changes even if expectations are formed rationally because
A) workers have very little bargaining power compared with that of management. B) only a small percentage of workers are unionized. C) wages are often set by long-term contracts. D) workers often have incorrect information.
In events leading to the housing bubble, the credit-rating agencies rated the assets associated with the housing market proper:
A. mid-level ratings indicating moderate risk, but were ignored. B. AAA ratings indicating low risk, but turned out to be a right judgment. C. AAA ratings indicating low risk, and turned out to be too optimistic. D. mid-level ratings indicating moderate risk, and turned out to be too pessimistic.