Those individuals 16 years of age and over who are working in a job or actively seeking employment are called: A) the labor force. B) the employed. C) the unemployed. D) none of the above. ANSWER A
Date: September 10th, 2020
Define the three functions of money. What will be an ideal response? ANSWER The medium of exchange enables one to undertake transactions. The unit of account denotes the prices of goods and services and debts are quoted in terms of the currency. The store of value enables one to make purchases over time.
Date: September 10th, 2020
As the costs associated with deposit outflows ________, the banks willingness to hold excess reserves will ________. A) decrease; increase B) increase; decrease C) increase; increase D) decrease; not be affected ANSWER C
Date: September 10th, 2020
Assume the market for a good produced by perfectly competitive firms is currently in equilibrium (economic profit = 0). Now assume there is a decrease in market demand for the good. Analyze the short-run effects of the decrease in demand on equilibrium market price and output. What has happened to the profits of each of […]
Date: September 10th, 2020
If a security pays $55 in one year and $133 in three years, its present value is $150 if the interest rate is A) 5 percent. B) 10 percent. C) 12.5 percent. D) 15 percent. ANSWER B
Date: September 10th, 2020
Equity holders are a corporation’s ________. That means the corporation must pay all of its debt holders before it pays its equity holders. A) debtors B) brokers C) residual claimants D) underwriters ANSWER C
Date: September 10th, 2020
McDonalds has traditionally been popular among Chinese children. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
With an interest rate of 6 percent, the present value of $100 next year is approximately A) $106. B) $100. C) $94. D) $92. ANSWER C
Date: September 10th, 2020
Which of the following statements concerning the relationships among the firm’s total cost functions is false? A) TC = TFC + TVC B) TVC = TFC – TC C) TFC = TC – TVC D) TC = TFC when output = 0. ANSWER B
Date: September 10th, 2020
While the discount rate is “established” by the regional Federal Reserve Banks, in truth, the rate is determined by A) Congress. B) the president of the United States. C) the Senate. D) the Board of Governors. ANSWER D
Date: September 10th, 2020
