Question Details

Which of the following is not an example of fiscal policy 


1.	A top-down analysis of a firm's prospects starts with an analysis of the _______. 
											
	a.   firm's position in its industry
	b.   U.S. economy or even the global economy
	c.   industry
	d.   specific firm under consideration

2. 	An increase in the value of the yen against the U.S. dollar can cause the Japanese 
	automaker, Toyota, to either _____________ on its U.S. sales. 	
	a.   lose market share or reduce its profit margin
	b.   gain market share or reduce its profit margin
	c.   lose market share or increase its profit margin
	d.   gain market share or increase its profit margin

3. 	Which one of the following stocks represents industries with below-average 
	sensitivity to the state of the economy? 				
	a.   Financials
	b.   Technology
	c.   Food and beverage
	d.   Cyclicals

4. 	Which of the following is not an example of fiscal policy ? 		
	a.   Social Security spending
	b.   Medicare spending
	c.   Fed purchases of Treasury securities
	d.   Changes in the tax rate
5. 	In macroeconomic terms an increase in the price of imported oil or a decrease in 	the availability of oil is an example of a _________. 		
	a.   demand shock
	b.   supply shock
	c.   monetary shock
	d.   refinery shock



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