Assume that a firm has $100 million in real assets and $90 in real liabilities. If the price level rise by ten percent, the real value of its assets would ________
A) fall
B) rise
C) change, but more information must be provided to determine their exact movement
D) remain unchanged
D
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If the price of papayas is 12 baht in Thailand and the exchange rate is 30 baht per dollar, then what is the dollar price of papayas?
A) $0.40 B) $2.50 C) $2.90 D) $26.00
An economic agreement between countries to allow free trade in goods, services, labor, and financial capital between members while having a common external trade policy is called:
a. an economic union. b. a common market. c. a trade forum. d. a free trade agreement.
Excludability is the property of a good whereby
a. one person's use diminishes other peoples' use. b. a person can be prevented from using it. c. the government rations the quantity of a good that is available. d. the resource is congestible.
In a closed economy, if Y and T remained the same, but G rose and C fell but by less than the rise in G, what would happen to private and national saving?
a. private and national saving would rise b. private and national saving would fall c. private saving would rise and national saving would fall d. private saving would fall and national saving would rise