At its extreme, the use of the powers of government by public officials to achieve personal gains is:
A. a moral hazard.
B. corruption.
C. collective action.
D. bribery.
Answer: B
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According to the Gordon-Growth model, what is the value of a stock with a dividend of $2, required return on equity of 8% and expected growth rate of dividends of 4%?
A) $25 B) $26 C) $50 D) $52
Prices of previously issued bonds have risen. It is likely that
A. market interest rates have fallen. B. the stock price must change but could either rise or fall. C. market interest rates have risen. D. market interest rates have remained unchanged.
If it was possible for one company to gain ownership control of all the uranium processing plants in the US, then: a. it would have strived to produce the socially efficient quantity
b. the forces of market demand and supply could have determined the price of uranium. c. government would have deregulated the market for uranium. d. it could set up barriers to entry to discourage competition.
Refer to Figure 2-18. Which of the following could result in a movement from point B to point Z?
a. a change in the price of a restaurant meal b. a change in the number of restaurant meals demanded c. a change in income d. Both a and b are correct.