If the number of wine producers decreases:
A. the demand for wine increases.
B. the demand for wine decreases.
C. the supply of wine increases.
D. the supply of wine decreases.
Answer: D
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If the rate of inflation is 5 percent and the real interest rate is 3 percent, the nominal interest rate should be
A) 1 percent. B) 2 percent. C) 8 percent. D) -2 percent.
A bond that pays a high interest rate
A. is more secure than one that pays a low interest rate. B. is guaranteed by the U.S. government. C. reflects the higher risk that the issuer will default. D. will sell for a high price.
In a publicly traded corporation, which of the following is responsible for business debts and activities?
A. The corporation itself. B. The individual stockholders. C. The board members. D. The owners.
Which of the following would increase the GDP of the United States?
a. A resident of California buys a case of wine from a winery in France.
b. A resident of Germany buys a software program from a company in Washington.
c. A resident of Florida spends $3,000 on a vacation in Mexico.
d. A Japanese investor purchases 100 shares of a computer company located in Illinois.