During the 17th and 18th centuries, when the dominant economic policy was mercantilism, economic prosperity was measured by a nation's:
a. fleet of transport ships.
b. food distribution system.
c. number of men in its army and navy.
d. stock of precious metals in its treasury.
d
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Several features distinguish hedge funds from traditional mutual funds, including
A) mutual funds have a minimum investment requirement of $1,000 or more; hedge funds have no minimum investment requirement. B) hedge funds typically charge investors large fees relative to mutual funds. C) hedge fund investors need not commit their money for more than a few weeks at a time, explaining why they pay higher fees. D) hedge funds are significantly less risky relative to mutual funds.
The natural rate is natural in the sense that macroeconomic policy
a. sees it all the time b. can ignore it c. can't do much about it d. is a natural reaction to unemployment e. has always recognized that some workers will be voluntarily unemployed
A legal restriction on the amount of a good that can be imported into a country is known as a
A. quota. B. voluntary restraint agreement. C. Domestic Protection Restraint (DPR). D. tariff.
A firm earns a profit if
A. price equals marginal cost. B. total revenue exceeds the total cost of production. C. price is less than the total cost of production. D. total revenue equals total fixed costs.