Suppose a U.S. citizen invests $1,000 to purchase a one-year Japanese bond that has an interest yield of 10 percent. If the dollar appreciates 20 percent against the Japanese yen by the maturity date, the dollar value of the proceeds is _____
a. $900
b. $1,100
c. $1,300
d. $1,500
e. $1,200
a
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Refer to Table 2-12. What is Guatemala's opportunity cost of producing one sailboat?
A) 1/6 of a canoe B) 2/3 of a canoe C) 3 canoes D) 6 canoes
The government budget constraint tells us that to the extent that government expenditures are NOT financed by tax collection, the public ends up holding ________ government bonds and ________ money
A) more, more B) more, less C) fewer, more D) fewer, less
The creation of a new product or process, often facilitated by the knowledge of engineering and scientific relationships, is known as
a. invention. b. innovation. c. application. d. sublimation.
An economy in which government bureaucracy decides how much of a good to produce, how to produce the good, and who gets the good is known as a:
A. mixed economy. B. centrally planned economy. C. laissez-faire economy. D. market economy.