A country that runs out of official reserve assets
A) cannot settle international debts.
B) is bankrupt.
C) will have a current account deficit.
D) will have a current account surplus.
A
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Review the following statement. "He who has choice has pain." What is meant by this?
What will be an ideal response?
Which of the following scenarios would most likely occur with a company that has reported disappointing earnings recently but still looks to be financially stable for quite some time?
A. high long-term solvency ratio but low profitability ratio B. high short-term solvency ratio but low profitability ratio C. high long-term solvency ratio but low activity ratio D. high short-term solvency ratio but low activity ratio
A price follower in an oligopoly is a competitor that ______.
a. requires customers to buy tied goods b. goes along with the pricing decision of the price leader c. acts as the dominant firm in price leadership d. produces a large portion of the total output
The elasticity of the labor supply curve depends on all of the following factors except:
A. the number of workers who enter or leave the labor market as the wage rate changes. B. individuals' opportunity cost of working. C. the elasticity of individuals' labor supply curves. D. the elasticity of demand for a firm's output.