The term market mechanism refers to
A. Resource allocation based on a production possibilities curve.
B. Resource allocation based on consumer needs.
C. The use of market prices and sales to signal desired output.
D. Government laws and regulations concerning how the market should operate.
Answer: C
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Financial instruments whose payoffs are linked to previously issued securities are called
A) grandfathered bonds. B) financial derivatives. C) hedge securities. D) reversible bonds.
According to the graph shown, producing 9 units earns profits that are:
A. lower than output of 11 units, and the firm should increase production.
B. higher than output of 11 units, and the firm should decrease production.
C. higher than output of 11 units, and the firm should increase production.
D. lower than output of 11 units, and the firm should decrease production.
If the exchange rate between the Canadian dollar (C$) and the U.S. dollar ($) changes from 1C$ = $1.30 to 1C$ = $1.05 we can say that:
a. the U.S. dollar has depreciated with respect to all the currencies across the world. b. the Canadian dollar has appreciated with respect to the U.S. dollar. c. the U.S. dollar has appreciated with respect to the Canadian dollar. d. the Canadian dollar has depreciated with respect to all the currencies across the world. e. the Canadian dollar has appreciated with respect to all the currencies across the world.
Describe the comparable worth controversy?
What will be an ideal response?