Explain what money income is and why it is less inclusive than "economic income"
What will be an ideal response?
Money income is the measure of income used by the Census Bureau. Because it excludes non-cash transfer payments and capital gains income, it is less inclusive than "economic income".
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Managed mutual funds usually outperform mutual funds that are supposed to follow some stock index
a. True b. False Indicate whether the statement is true or false
Economist Charles Kindleberger (a proponent of fixed exchange rates mentioned in the text) would agree with which of the following statements?
A) It is better to leave the international value of the domestic currency to the free market forces than to have to sacrifice domestic economic goals in order to support a certain predetermined value of the currency. B) There is too great a chance that the supported exchange rates will diverge significantly from the equilibrium exchange rates, which would create persistent problems and lead to an overall decrease in international trade. C) With no certainty of what one nation's currency will be worth in terms of other nations' currencies, international trade is held below what it could be. D) a and b