C4 and HHI tend to ________ the concentration in a domestic industry.
A. overstate
B. understate or overstate, depending on the true geographic market
C. understate
D. provide different rankings of
Answer: B
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If both producers and consumers believe that a product's price will rise in the future, then at the present, the equilibrium price
A) does not change. B) rises. C) falls. D) might rise, fall, or not change, but the change can never be predicted. E) might rise, fall, or not change depending on whether the effect from the producers is greater than or less than the effect from the consumers.
Everything else held constant, if interest rates are expected to fall in the future, the demand for long-term bonds today ________ and the demand curve shifts to the ________
A) rises; right B) rises; left C) falls; right D) falls; left
Corporations account for a ____ proportion of U.S. firms and a ____ proportion of sales by U.S. firms
a. small; small b. small; large c. large; small d. large; large
In order to benefit from diversification, the returns on assets in a portfolio must:
A. be perfectly negatively correlated. B. have the same idiosyncratic risks. C. be perfectly positively correlated. D. positively correlated but not perfectly.