Micro
During the fall of 1993 prices were increasing by 1% an hour in Bosnia.
hyperinflation
What financial statement summarizes or provides a snapshot of a firm's financial position at a given point in time?
Balance Sheet
If the CP elasticity between two goods is positive, the the two goods are: ______________
substitutes
Financing, investing, and operating activities are sections found in what financial statement?
Statement of Cash Flows
Native to New Zealand, this is both a fruit and a small bird.
Kiwi
A firm's Marginal Cost is the increase in its total cost divided by its ______________.
Output
The statement of financial position is also called the?
Balance Sheet
What does the isoquant shape look like for two perfect substitutes?
straight line
If an agribusiness has a net worth of $300,000 and liabilities totaling $400,000, what is the firm's total asset value?
700,000
In New Zealand, there are more _________ than people.
Sheep
A price ceiling
shortage
The principal amount of a bond is called?
Par value
Secondhand smoke that harms a third party is an example of a ___________ externality.
Negative
Using a futures contract to transfer price risk is called?
Hedging
Name this capital that is the southernmost capital in the world.
Wellington
When your income falls and you starting consuming less milk, then milk would be considered a _____________ good.
normal
A person willing to for-go $100 today in order to receive $100 next year is said to have a ________ time preference.
advanced
neutral
delayed
neutral
In perfect competition, short run profits are observed to be negative. In the LR, one would expect the number of firms to __________, prices to rise, and profits to be ___________.
fall, zero
To create common size income statement, you ____________ all items on the income statement by total _____________.
divide; revenue
Two of the national languages of New Zealand are English and Maori, what is the third?
Sign language
Prices are likely to be least flexible in what type of competition?
Oligopoly
Which of the following is not a financial intermediary:
credit union
insurance company
mutual fund
investment banker
investment banker
If demand for a good is perfectly elastic and a tax is imposed who pays 100% of the tax?
Producers
n a CAPM model (capital asset pricing model) the relevant measure of risk is:
Beta
Standard Deviation of returns
Variance of Returns
Beta
Typically, on average, New Zealand has over 18,000 of these occur a year.
earthquakes