Reasons for the rapid structural change in financial markets in recent years include all of the following except:
A. globalization.
B. technological advances in computing.
C. high real interest rates.
D. technological advances in communication.
Answer: C
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Leisure includes all of the following except
A) sleep. B) home yardwork. C) market work. D) recreational activities.
Which of the following is true?
a. The actual result of changing behavior following the rule of rational choice will always make people better off. b. The actual result of changing behavior following the rule of rational choice will never make people better off. c. In terms of the rule of rational choice, zero levels of pollution would be far too costly in terms of what we would have to give up to achieve them. d. The rule of rational choice implies that it is impossible to be too safe.
The value of the remaining stock of natural capital should not decrease. This is considered _____.
a) weak sustainability b) strong sustainability c) environmental sustainability d) none of the above
Suppose a Dell computer that sells for $2,000 in the U.S. is exported to Canada, where it sells for 2,500 Canadian dollars. Further assume that 1.5 Canadian dollars trade for one U.S. dollar in the foreign exchange market. According to the purchasing power parity theory, which of the following will occur?
a. Computers could be purchased in Canada for 2,500 Canadian dollars, and sold in the U.S. for $2,000 . The $2,000 in revenue from each computer sold could then be exchanged for 3,000 Canadian dollars, yielding a profit of 500 Canadian dollars for each computer sold (minus any transaction costs). b. Computers could be purchased in the U.S. for $2,000 and sold in Canada for 2,500 Canadian dollars. The 2,500 Canadian dollars in revenue from each computer sold could then be exchanged for $3,000, yielding a profit of $500 for each computer sold (minus any transaction costs). c. Purchasing power parity is achieved, and there is no profit to be had from reselling the computers. d. The demand for computers would rise in both the countries and purchasing power parity would be achieved.