The average National Basketball Association player is over 6 feet tall. The average horse jockey is shorter than 5 1/2 feet tall. This is because height provides NBA players with:
a. d and e.
b. an absolute advantage for horse racing.
c. an absolute disadvantage for other sports in general.
d. a comparative disadvantage in horse racing.
e. a comparative advantage in basketball.
a
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If the real interest rate is 3 percent and the inflation rate is 2 percent, what is the nominal interest rate?
What will be an ideal response?
Quinn's income to spend on either bowling or eating out each month is $100. It costs $10 to bowl for the night and it costs $20 for Quinn to eat at a restaurant. A point on Quinn's budget constraint would be:
A. 4 nights of bowling and 3 trips to the restaurant. B. 3 nights of bowling and 4 trips to the restaurant. C. 2 nights of bowling and 5 trips to the restaurant. D. 10 nights of bowling and 5 trips to the restaurant.
Which of the following is true?
A) In the long run, corporate bonds can be expected to yield a higher real rate of return than ownership of stocks. B) The risk of stock market investments can be reduced through the holding of a diverse portfolio of unrelated stocks over long periods of time. C) Stock market investors can reduce their risk if they hold shares of specific stocks for only short periods of time. D) People who invest in the stock market are virtually certain to make money.
Export subsidies are an example of
A. monetary policy. B. a quantitative limit on foreign exports. C. a non-tariff barrier (NTB). D. fiscal policy.