Even through buying roles in the family change constantly the _________ has traditionally been the main purchasing agent for the family?

Related Mcqs:

1. Which statistical factor is used to convert current currency purchasing power into inflation adjusted purchasing power ?

   A. Deflector
   B. Purchasing power parity
   C. Inflator
   D. Deflation

2. Which of the following is foreign owned (even through it is traditionally thought of as a U.S company) ?

   A. IBM
   B. Xerox
   C. Kodak
   D. Universal Studios

3. Traditionally companies have defined their business in product terms or in technological terms however mission statements should be all of the following EXCEPT ?

   A. market oriented
   B. a statement of religion
   C. motivating
   D. based on distinctive competencies

4. As prices rise, there will be costs of constantly changing price-tags and reprinting price-lists This is called ?

   A. real balance effect
   B. menu costs of inflation
   C. money illusion.
   D. cost-push inflation.

5. If some gain and some lose as the result of a proposed change and it can be demonstrated that the value of the gains would exceed the value of the losses then the change is said to be ?

   A. technically efficient.
   B. inefficient.
   C. potentially efficient
   D. unequivocally Pareto optimal

6. Term the covering of a short position by purchasing a long contract, usually resulting from the short of a commodity ?

   A. Short-positioning
   B. Buyback
   C. Drawback
   D. None of them

7. The University of Pennsylvania researchers Summers and Heston compute the price level of GDP as the ratio of purchasing power parity (PPP) exchange rate to the actual exchange rate where ?

   A. both exchange rates are measured s the domestic currency price of the US-dollar
   B. both exchange rates are not converted into international dollars
   C. both exchange rate are pegged
   D. both exchange rate are converted into Big Mac PPP formula

8. In the presences of purchasing power parity, if one-dollar exchanges for 2 British pounds and if a DVD player costs $400 in the United States then in Britain the DVD player should cost ?

   A. 200 pounds
   B. 400 pounds
   C. 600 pounds
   D. 800 pounds

9. The purchasing power parity theory has limitations in forecasting exchange rate fluctuations for all of the following reasons except ?

   A. inflation effects exchange rates
   B. international capital flows affect exchange rates
   C. governments sometimes impose trade restrictions such as tariffs and quotas
   D. not all products are internationally tradeable

10. IF when cost $4 per bushel in the United States and 2 pounds per bushel in Great Britain then in the presence of purchasing power parity the exchange rate should be ?

    A. $50 per pound
    B. $1.00 per pound
    C. $2.00 per pound
    D. $8.00 per pound