Oligopolists compete on quality but not price.
Answer the following statement true (T) or false (F)
False
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Assume that the utility function of an individual is represented as U = ?W - 0.001W; where W (his present wealth) = $250,000 . He considers investing in a gamble which would double his wealth if he wins but still leave him with $250,000 if he loses. Given that his probability of winning is 0.6, calculate his expected utility of taking the bet
a. 157 units b. 250 units c. 207.11 units d. 224.3 units
Whenever nations remove capital controls on their currencies:
a. returns are equalized and arbitrage opportunities disappear. b. there is no opportunity for trade or arbitrage, and differences in returns disappear. c. the government sets the returns on its currency, so traders cannot make profits. d. in those nations, because government has ensured its safety, capital is free to move.
The short-run elasticity measures the immediate percentage change in a dependent variable given a 1% increase in the independent variables.?
Answer the following statement true (T) or false (F)
An increase in the real interest rate on U.S. bonds, everything else equal, will have the following impact on the foreign exchange market:
A. the supply of dollars will increase. B. the demand for dollars will decrease. C. the dollar will depreciate relative to foreign currencies. D. the demand for dollars will increase.