The payoffs for financial derivatives are linked to
A) securities that will be issued in the future.
B) the volatility of interest rates.
C) previously issued securities.
D) government regulations specifying allowable rates of return.
C
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A firm with two or more owners who have unlimited liability is known as
A) a partnership. B) a proprietorship. C) a corporation. D) an establishment.
Constrained discretion ________
A) eliminates all discretion in policymaking B) imposes an inherent discipline on consumers C) imposes an inherent discipline on policymakers but does not eliminate all flexibility D) requires policymakers follow a constant growth rate rule for money
You go to see a movie that you believe would turn out to be amazing. The ticket costs you $20 . Once in the theatre you realize that the movie is awful. If you leave now, you can still catch your favorite TV show. What should you do?
a. Stay and watch the movie since you paid $20 for it b. The ticket price is now a sunk cost, you can ignore it and go home c. Stay and watch the movie since the opportunity cost of the movie is zero d. None of the above
With the increase in school attendance throughout the world, the newest challenge for development economists is increasing:
A. availability of education to children. B. the quality of education to children. C. the availability of college education. D. the consistency of education across countries.