Suppose demand for a good is QD = 100 - P and supply is QS = -20 + P. What is the equilibrium price?
a. 20
b. 40
c. 60
d. 80
c
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Regular interest payments made to bondholders are called ________ payments.
A. coupon B. reserve C. diversification D. dividend
A firm is more likely to produce its own input if all of the following are true except which one?
A) The firm has trade secrets. B) The firm experiences economies of scale when producing the input. C) The firm is concerned about quality control. D) The transportation cost of the input is inexpensive.
In the case of Intimate Bookshop v. Barnes & Noble, Intimate alleged that Barnes & Noble
a. was bundling products in order to reduce competition. b. used technological advances to sell at lower prices. c. was buying books at discriminatory prices. d. had merged with other competitors in an effort to gain monopoly power.
Indicators of economic activity that move at the same time as the overall economy are called ________ indicators.
A. real B. coincident C. long-term D. short-term