The fraction of capital that wears out every year is known as ________
A) gross investment
B) depreciation
C) net investment
D) devaluation
B
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The imposition of an excise tax on a product will shift that product's ________ curve vertically by the exact amount of the tax. This represents ________.
A. supply; a decrease in supply. B. ?demand; a decrease in demand. C. ?supply; an increase in supply. D. ?demand; an increase in demand.
Your U.S.-based company is doing business internationally. One way to mitigate exchange rate risk is to
A) require payment in US$. B) use a forward contract. C) use a futures contract. D) All of the above.
The marginal revenue curve is the same as the demand curve for the
a. monopolistic competitor b. perfect price discriminator c. oligopolistic price leader d. single price monopoly e. export producer
A citizen in a developing country with a currency policy of convertibility on the current account could engage in all of the following transactions except:
A. sell foreign currency resulting from the exports of manufactured t-shirts. B. sell foreign currency resulting from the sale of a U.S. treasury bond. C. purchase foreign currency in order to import a BMW. D. purchase foreign currency in order to purchase a U.S. treasury bond.