The target rate of unemployment is:
A. always equal to the actual unemployment rate.
B. changing but easy to estimate.
C. constant.
D. difficult to determine.
Answer: D
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The price at which a good or service is traded on international markets is called the ________ price.
A. world B. market C. universal D. international
A lender who is worried that its cost of funds might rise during the term of a loan it has made can hedge against this rise by
A) buying futures contracts on Treasury bills. B) selling futures contracts on Treasury bills. C) buying call options on Treasury bills. D) increasing the amount of money which it lends.
Suppose that when output is 20, marginal cost is $20, and average total cost is $30 . Then which of the following is most likely to be true?
a. Average total cost is declining. b. Average total cost is constant. c. Average total cost is rising. d. Average total cost is less than average fixed cost.
Which if the following is the best example of a public good?
a. Bread. b. Fish in the ocean. c. Scrambled satellite broadcasts. d. National defense.