Total government spending (federal, state, and local) sums to approximately:
a. 10 percent of the U.S. economy.
b. 20 percent of the U.S. economy.
c. 40 percent of the U.S. economy.
d. one-half of the U.S. economy.
c
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A loan is:
A. a payment made periodically to all shareholders of a company. B. a promise by the bond issuer to repay the loan, at a specified maturity date, and to pay periodic interest at a specific percentage rate. C. an agreement in which a lender gives money to a borrower in exchange for a promise to repay the amount loaned plus an agreed-upon amount of interest. D. a financial asset that represents partial ownership of a company.
Which of the following is NOT a way in which a safeguard policy is better than antidumping policies?
A. There is pressure for import-competing firms to adjust their production to be more competitive with foreign exporters. B. Firms and governments do not need to show that foreign exporters have done anything unfair. C. The interests of consumers can be disregarded since they do not play a role in determining whether to invoke a safeguard policy. D. The protection provided to the import-competing sector is explicitly temporary.
If the nominal interest rate is 20% per year, how much money can an individual borrow today if she wants to repay $100 in one year?
A) $80.00 B) $83.33 C) $120.00 D) $78.00 E) $121.00
The desired level of inventories is the level at which the extra cost (in lost sales) from lowering inventories by a small amount is
A. greater than the extra gain (in interest revenue and decreased storage costs). B. just equal to the extra gain (in interest revenue and decreased storage costs). C. zero. D. less than the extra gain in (in interest revenue and decreased storage costs).