The prices of the goods and services in the CPI market basket are collected
A) monthly.
B) yearly.
C) quarterly.
D) infrequently.
E) only when the CPI market basket is determined by the Consumer Expenditure Survey.
A
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A firm hiring only MBAs, regardless of the self-professed skill set is an example of
a. Screening mechanism b. Signaling mechanism c. Way to waste money d. None of the above
A Nash equilibrium:
A. is reached when all players choose the best strategy they can, given the choices of all other players. B. is a point in a game when no player has an incentive to change his or her strategy, given what the other players are doing. C. is a stable outcome of a game. D. All of these statements are true.
Which of the following would be most likely to improve the standard of living of a less-developed country?
a. development of strong labor unions. b. more foreign investment, attracted by the expectation of economic and political stability. c. adoption of trade barriers (higher tariffs and quotas). d. widespread use of price controls to allocate goods and resources.
Answer the question on the basis of the following balance of payments data for the hypothetical nation of Econland. All figures are in billions of dollars.
(1) Goods exports +$220 (2) Goods imports -328 (3) Exports of services +54 (4) Imports of services -55 (5) Net investment income +18 (6) Net transfers -11 (7) Capital account -1 (8) Foreign purchases of Econland assets +124 (9) Econland purchases of foreign assets -21 Refer to the table above. Econland's balance on the capital and financial accounts is a: A. Deficit of $110 billion B. Surplus of $92 billion C. Surplus of $102 billion D. Surplus of $103 billion