Assume the one-year interest rate on a bond is 8% and the expected one-year rate a year from now is 12%. According to the expectations theory of the term structure of interest rates, the two-year rate will be

An exporter is said to be engaged in _______ if it _______ goods and services at a price _______ .

A) cut-throat competition: sells; below the price in the foreign market B) retaliation; buys; above the price in the foreign market C) dumping; sells; below the foreign costs of production D) dumping; sells; below its own production cost

Which is not an example of capital at a book printing company?

a. the office building where the printing company is located b. the paper on which books are printed c. the oil used to heat the factory d. the men and women who work in the accounting office