Suppose a quota on foreign-made automobiles is proposed in Congress. Which of the following groups is most likely to oppose the bill?
A. American Automobiles Manufacturers
B. consumers
C. American Steel Workers
D. United Auto Workers
Answer: B
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Inventories include each of the following except
A) unsold finished goods. B) goods in process. C) raw materials held by firms. D) office equipment.
Consider a mutual fund with a 6 percent back-end load that decreases to 0 percent in the seventh year. How much of the load will an investor have to bear if she sells it off in the second year?
a. 4 percent of the load b. 3 percent of the load c. 6 percent of the load d. 5 percent of the load e. 2 percent of the load
Exhibit 13-1 Consumer Price Index Year ConsumerPrice Index 1 100 2 110 3 115 4 120 5 125 As shown in Exhibit 13-1, the rate of inflation for Year 2 is:
A. 5 percent. B. 10 percent. C. 20 percent. D. 25 percent.
The consumption function shifts upward when
A. households buy more imports. B. saving increases. C. real income increases. D. households' real wealth increases.