________ is a company that provides advice to firms issuing new securities, underwrites the issuing of securities, and develops new securities
A) A mutual fund
B) A pension fund
C) A hedge fund
D) An investment bank
D
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In the above figure, when the efficient quantity is produced the marginal social cost of the last magazine is
A) $1. B) $3. C) $5. D) some amount not given in the above three answers.
A natural monopoly is characterized by large fixed costs relative to variable costs
Indicate whether the statement is true or false
Assume that the central bank purchases government securities in the open market. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the real GDP and current international transactions in the context of the Three-Sector-Model?
a. Real GDP rises, and current international transactions become more positive (or less negative). b. There is not enough information to determine what happens to these two macroeconomic variables. c. Real GDP rises, and current international transactions remain the same. d. Real GDP falls, and current international transactions become more negative (or less positive). e. Real GDP and current international transactions remain the same.
Gaming refers to a situation where:
A. employees increase output to gain commissions beyond the firm's capacity. B. employees consistently understate the target levels in order to meet them. C. employers fix unachievable output and target levels. D. employees inappropriately increase output to gain commissions.