Finance General Faqs

What are the advantages of regional integration?
Advantages of Regional Integration Most economic experts cite that regional integration allows disadvantaged countries to realize economies of scale, compete on a broader (often global) platform and increase overall economic efficiency....... More »
In economics what is a normative statement?
A normative statement in economics is like a normative statement in any other academic subject--it is a statement about something with an implicit value judgment or moral claim. It is distinct from a descriptive statement that is suppose...... More »
What are the differences between perfect competition and monopoly competition?
In a monopoly, you are gaining an unfair advantage over any competition because you own so many infrastructures. Monopolies used to be known as trusts, which is why you sometimes hear of Anti-Trust Law violations. At one time, AT&T o...... More »
What are business cycles and what role do the Federal Reserve and Federal Government have in trying to control them?
It is very important that you understand that the Federal Reserve is not a government institution. It does not take its orders from the federal government. Yes, they put their hand in and try to change the course of the U.S. Economy. ...... More »
If you look at a clock and the time is 3:15, what is the angle between the hour and the minute hands?
The answer to this is not zero! The hour hand, remember, moves as well. The hour hand moves a quarter of the way between three and four, so it moves a quarter of a twelfth (1/48) of 360 degrees. So the answer is seven and a half degrees, to be exa...... More »
You have a five-gallon jug and a three-gallon jug. You must obtain exactly four gallons of water. How will you do it?
You should find this brainteaser fairly simple. If you were to think out loud, you might begin by examining the ways in which combination of five and three can come up to be four. For example: (5 - 3) + (5 - 3) = 4. This path does not actually lea...... More »
How many gallons of white house paint are sold in the U.S. every year?
THE "START BIG" APPROACH: If you're not sure where to begin, start with the basic assumption that there are 270 million people in the U.S. (or 25 million businesses, depending on the question). If there are 270 million people in the United Sta...... More »
What is the size of the market for disposable diapers in China?
Here's a good example of a market sizing. How many people live in China? A billion. Because the population of China is young, a full 600 million of those inhabitants might be of child-bearing age. Half are women, so there are about 300 million...... More »
How many square feet of pizza are eaten in the United States each month?
Take your figure of 300 million people in America. How many people eat pizza? Let's say 200 million. Now let's say the average pizza-eating person eats pizza twice a month, and eats two slices at a time. That's four slices a month. If ...... More »
How would you estimate the weight of the Chrysler building?
This is a process guesstimate - the interviewer wants to know if you know what questions to ask. First, you would find out the dimensions of the building (height, weight, depth). This will allow you to determine the volume of the building. Does it...... More »