TRUE OR FALSE

1. Per the International Country Risk Guide, the U.S. is considered the most risk-free country in which to do business, as measured by a composite of economic, financial, and political factors.

2. U.S. Gross Domestic Product (GDP) currently exceeds Gross U.S. Federal Debt.

3. Suppose a Big Mac (hamburger) costs the equivalent of $9.00 USD in Denmark, and $1.00 USD in Hong Kong. These facts support the Absolute Purchasing Power Parity theory.

4. A sandwich shop, such as Rogers Bakery, would likely have more current assets as a percentage of total assets than would a discount retailer, such as WalMart.