Quiz_1_answers - Other things the same, an appreciation of...

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
Other things the same, an appreciation of the dollar causes A. a decrease in U.S. net exports. B. an increase in U.S. net exports.  Answer Key: A Question 2 of 20     Score: 1    (of possible  1  point) Goods for which the social opportunity cost of one more user is zFero are called A. excludable goods. B. non-excludable goods. C. rival goods. D. non-rival goods. E. club goods.  Answer Key: D Question 3 of 20     Score: 1    (of possible  1  point) In terms of national income accounts, A. NX = I – S. B. NX = S – I. C. NX = G – C. D. NX = C – G.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
E. NX = IM – EX.  Answer Key: B Question 4 of 20     Score: 1    (of possible  1  point) The world’s greatest creditor nation is _____. The world’s greatest debtor nation is _____. A. China … the United States B. the United States … China  Answer Key: A Question 5 of 20     Score: 1    (of possible  1  point) Suppose, hypothetically, that U.S. GDP is twice that of China. If the U.S. grows steadily at 3% and China  grows steadily at 8%, then using the simple doubling rule, China’s GDP will match that of the U.S. in  approximately A. 2016. B. 2020. C. 2025. D. 2030. E. 2035.  Answer Key: C  Review  Check to review  before  finishing (will be flagged in Table of Contents)
Background image of page 2
Question 6 of 20     Score: 1    (of possible  1  point) The higher your real interest rate or real discount rate, the A. less you value the future. B. more you value the future.  Answer Key: A Question 7 of 20     Score: 1    (of possible  1  point) Using the simple formula for the price of a share of stock, if the relevant rate of interest is 5%, the  expected rate of growth of earnings is 1%, and earnings per share are $2, then the price of a share is A. less than $20. B. at least $20 but less than $40. C. at least $40 but less than $60. D. at least $60 but less than $80. E. $80 or more.  Answer Key: C Question 8 of 20     Score: 1    (of possible  1  point) In general the demand curve facing a monopolist _____ and the demand curve for a monopsonist _____. A. has negative slope … has negative slope B. has negative slope … is vertical C. is vertical … has negative slope
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
D. is vertical … is vertical E. has negative slope … does not exist  Answer Key: E Question 9 of 20     Score: 1    (of possible  1  point) For a share of stock the relevant rate of interest is 6%, earnings per share are expected to fall by 1% a  year, the price is $24, and earnings per share are A. less than 50 cents. B. at least 50 cents but less than a dollar.
Background image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 24

Quiz_1_answers - Other things the same, an appreciation of...

This preview shows document pages 1 - 5. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online