For a cruise liner deciding how to price its rooms, if the cost of overpricing is lower than the cost of underpricing, then the management of the cruise liner should
a. Price lower than what they expect would fill capacity
b. Price higher than what they expect would fill capacity
c. Price such that they would expect to just fill capacity
d. None of the above
b
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Which of the following equations correctly represents nominal exchange rate?
A) Nominal exchange rate = units of foreign currency/1 unit of domestic currency B) Nominal exchange rate = 1 unit of domestic currency/100 units of foreign currency C) Nominal exchange rate = 100 units of domestic currency/1 unit of foreign currency D) Nominal exchange rate = units of foreign currency/100 unit of domestic currency
Marketing boards were intended to
a. buy crops from farmers b. import crops from other countries c. subsidize agriculture by incurring losses d. ensure that all food stayed in the country e. all of the above
Since 1990, recovery from all three recessions could be called _________________ recoveries generating a larger increase in national debt than previous recessions.
Fill in the blank(s) with the appropriate word(s).
In a "reverse repurchase agreement," the Fed:
A. takes on assets besides T-Bills in exchange for T-Bills. B. takes on T-Bills in exchange for other assets besides T-Bills. C. takes on T-Bills in exchange for reserves. D. takes on reserves in exchange for T-Bills.