Week 11 quiz

_____ the simultaneous buying and selling of securities, currency, or commodities in different markets or in derivative forms in order to take advantage of differing prices for the same asset.

• One Price

• Arbitrage

• Abattoir

• Arbor

_____ costs are internal company expenses which arise from the actions of an agent acting on behalf of a principal or owner.

_______ are stable, valued, recurring patterns of behavior that govern behavior of individuals that are well-established arrangements and structures that are part of the culture or society.

Brain _____ describes an increase in the number of highly trained, foreign-born professionals entering a country to live and work where greater opportunities are offered via immigration

Brain drain is always problematic for a nation

• True

• False

A nation that exports a lot to its neighbors should experience ______ pressure on the currency

• Upward

• Downward

A collapse of the property market in _____ triggered the beginning of the Asian Financial Crisis.

• Thailand

• Japan

• Malaysia

• Singapore

• Indonesia

Transaction Costs can be broken into which of the following categories:

• Taxes

• Transfer

• Trust

• Triangulation

Agency costs can be classified as which of the following:

• Bonding Costs

• Residual Losses

• Triangulation

• Monitoring Costs

A ________is the exchange of goods and services through a market