Which of the following is the best example of two inputs that would exhibit a constant marginal rate of technical substitution?
A) trucks and truck drivers
B) natural gas and oil
C) personal computers and clerical workers
D) company-employed computer programmers and temporary supplemental computer programmers
B
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If the final expressions in a present value equation used to calculate the price of a bond you are considering buying are "[$50 / (1 + .08)3] + [$500 / (1 + .08)3]", which of the following is correct?
A) The coupon is $50, the interest rate you need is 1.08 percent, and the coupon will mature in 3 years. B) The face value is $50, the interest rate you need is 8 percent, and the coupon will mature in 3 years. C) The face value is $500, the coupon is $50, and the coupon will mature in 3 years. D) The face value is $500, the interest rate you need is 3 percent, and the coupon will mature in 8 years.
What is the difference between a sterilized and non-sterilized central bank intervention in the foreign exchange market?
What will be an ideal response?
When the U.S. price level increases, economists predict a:
A. movement down along the aggregate demand curve. B. shift straight up of the aggregate demand curve. C. shift to the right of the aggregate demand curve. D. decrease in expenditure.
Which of the following us not an example of resource scarcity?
a. There is a finite amount of petroleum in the world b. Farming communities are experiencing droughts c. There are not enough physicians to satisfy all desires for health care in the US d. Cassette tapes are no longer being produced e. Teachers would like to have more instructional technology in their classrooms