From 1999 to 2007, U.S. imports from Mexico grew each year by approximately
A. 15%.
B. 75%.
C. 5%.
D. 22%.
Answer: C
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Answer the following statement(s) true (T) or false (F)
1. People have rational expectations when their predictions are correct more often than not. 2. Even when econometric equations predict very well, they can be entirely useless as guides to policy. 3. The standard deviation of a portfolio is exactly equal to the average standard deviations of the individual stocks. 4. A risk-averse individual always prefers the basket with the highest standard deviation when choosing among baskets with the same expected value. 5. Uninsurable risks is one reason why fair-odds insurance is not always available.
The interest rate on a bond is calculated as
A) the coupon times the face value. B) the coupon divided by the face value. C) the face value divided by the coupon plus the face value. D) the face value divided by the coupon.
What is true about dominant strategies in the game in Scenario 13.10?
A) "Use more caffeine" and "have a sweepstakes" are dominant strategies. B) "Use more caffeine" and "create a diet soda" are dominant strategies. C) "Make animal-shaped bottles" and "have a sweepstakes" are dominant strategies. D) "Make animal-shaped bottles" and "create a diet soda" are dominant strategies. E) There are no dominant strategies.
The interest rate effect suggests that investment spending and planned aggregate expenditures fall when the general price level rises
a. True b. False Indicate whether the statement is true or false