Which of the following pairs is the most likely to exhibit an inverse relationship?
A. The amount of time you study and your grade point average.
B. People's annual income and their expenditure on personal computers.
C. Baseball players' salaries and their batting averages.
D. The price of a concert and the number of tickets people purchase.
Answer: D
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The exchange of goods and services directly without money is called:
a. creative destruction. b. barter. c. arbitration. d. currency trade. e. illegal trade.
Which of the following is a major benefit of international lending?
A. It requires reducing restrictive international trade practices in the lending and the borrowing countries. B. It allows some lenders to shift their lending to foreign borrowers who are willing to pay higher interest rates on the loans.. C. It eliminates exchange rate risk in financial activities. D. It allows both small countries and large countries to apply similar levels of optimal taxes on the international loans.