Differentiate between a closed economy and an open economy
What will be an ideal response?
A closed economy does not trade with the rest of the world while an open economy trades with the rest of the world.
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The minimum value of the Herfindahl-Hirschman Index is
A) -100. B) -1. C) approximately 0. D) 1.
The bulk of Eurocurrency Market transactions are denominated in
A) Eurodollars. B) Eurosterling. C) Euroeuros. D) Euroyen.
During the German hyperinflation after World War I, transactions costs skyrocketed. As a result, not surprisingly, output
A) increased dramatically. B) grew at a much smaller pace than prior to the war. C) did not change. D) declined sharply.
Briefly explain why bonds are especially attractive to investors seeking stability while stocks are especially attractive to investors seeking capital gains.
What will be an ideal response?