________-term forecasts are more valuable if a firm's demand changes very frequently and changes in the firm's output level have a ________ effect on its marginal cost.
A) Long; small
B) Short; large
C) Long; large
D) Short; small
D) Short; small
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What are the basic arguments of the neoclassical growth theory?
What will be an ideal response?
According to the segmented markets theory of the term structure
A) bonds of one maturity are close substitutes for bonds of other maturities, therefore, interest rates on bonds of different maturities move together over time. B) the interest rate for each maturity bond is determined by supply and demand for that maturity bond. C) investors' strong preferences for short-term relative to long-term bonds explains why yield curves typically slope downward. D) because of the positive term premium, the yield curve will not be observed to be downward-sloping.
Historically speaking, business fluctuations in an economy were more commonly referred to as
A. inflationary pressures. B. economic growth. C. business cycles. D. bulls and bears.
Neo-mercantilism refers to an economic policy in which:
A) a country trades in manufactured goods with countries having similar per capita incomes. B) a country focuses on producing a good more efficiently than another nation. C) countries produce and export goods that required resources that were in great supply. D) countries promote a combination of protectionist policies and restrictions and domestic-industry subsidies. E) countries import goods that required resources that were in short supply.