In economics, which of the following is considered as financial capital?
a. Offices and warehouses
b. Stocks and bonds
c. Machinery
d. Factories
e. Equipment
b
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If an apartment owner charged ________ than a specified rent for housing, the government ________ impose a rent ceiling
A) more; can B) more; cannot C) less; can D) less; cannot E) less; might
A price-discriminating monopoly
A) sells a larger quantity than it would if it were a single-price monopoly. B) is illegal. C) cannot offer discounts. D) cannot control the price of its product. E) makes a smaller economic profit than it would if it were a single-price monopoly.
Travel Expert is a corporation that specializes in selling vacation packages in Transylvania and Stansylvania. There are a fixed number of shares of Travel Expert's stock available to the public. If the two countries go to war, making it much more dangerous to travel there, what will most likely happen to the Travel Expert's share price and the number of shares outstanding?
a. Price will fall; number of shares will fall. b. Price will fall; number of shares will rise. c. Price will rise; number of shares will remain the same. d. Price will remain the same; number of shares will fall. e. Price will fall; number of shares will remain the same.
When its workers have unionized, the monopsonist hires labor until the marginal revenue product is
a. greater than the marginal labor cost b. equal to the marginal labor cost c. less than the marginal labor cost d. equal to the union dues plus the wage e. high enough to generate a return to monopsony power