If Shoffner Inc., a publicly traded corporation, has a share price of $125, revenues of $15.35 per share, and profits of $5.25 per share, what is the P/E ratio for Shoffner Inc. shares?
A. 0.12.
B. 0.04.
C. 8.14.
D. 23.81.
Answer: D
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Suppose the Fed wants to fix the U.S. dollar/Mexican peso rate at 11 pesos per dollar under a fixed exchange rate policy. If the exchange rate falls to 10 pesos per dollar, the Fed can
A) buy dollars. B) sell dollars. C) attempt to freeze all sales of dollars. D) any of the above actions could take place.
(Requires Appendix material) The following are examples of limited dependent variables, with the exception of
A) binary dependent variable. B) log-log specification. C) truncated regression model. D) discrete choice model.
Ivan’s country was recently involved in a major civil war, and many of the nation’s natural resources were damaged or destroyed. How will this impact its production possibilities curve?
a. It will shift inward. b. It will be unaltered. c. It will shift outward. d. It will rise, then fall.
The condition where firms do not want to sell as many as consumers want to buy is called
A. a market collapse. B. a surplus. C. an equilibrium. D. a shortage.