More detailed financial instruments tend to be:
A. more costly because it will cost more to create.
B. less costly because they can be standardized more easily.
C. more desirable than less detailed ones, no matter what the price.
D. less costly because all possible contingencies are covered.
Answer: A
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Physical currency is ________ popular than e-cash, ________
A) less; and both are portable and recognizable B) more; and both are portable and recognizable C) more; but only physical currency is portable and recognizable D) more; and both are portable, untraceable and anonymous E) less; but both are portable, untraceable and anonymous
An increase in the nation's capital stock will
A) shift the PPF outward. B) cause a movement along the PPF up and to the left. C) cause a movement along the PPF down and to the right. D) move the nation from producing within the PPF to producing at a point closer to the PPF.
According to the theory of rational expectations,
a. workers' experience tells them that government action to lower unemployment will not affect inflation. b. consumers and investors generally behave so that rationally formed government attempts to stimulate aggregate demand have their desired effects. c. policy goals can be achieved easily in the short run. d. workers' wage demands include anticipated inflation. e. expansionary monetary policy will lead to permanent interest rate declines.
Refer to the information above. The real exchange rate (from the United States' perspective) is
A) .625. B) .8. C) 1.6. D) 2.0. E) none of the above