Tobin's q is equal to ________
A) the market value of a firm times the replacement cost of installed capital
B) the market value of a firm plus the replacement cost of installed capital
C) the market value of a firm divided by the replacement cost of installed capital
D) the market value of a firm minus the replacement cost of installed capital
C
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The __________ policy dealt with the problem of the consequences of identification of weak banks by changing the closure rule
A) forbearance B) setting of "firewalls" C) prompt corrective action D) risk-based capital ratio
If demand price elasticity measures 2, this implies that consumers would:
a. buy twice as much of the product if the price drops 10 percent. b. require a 2 percent drop in price to increase their purchases by 1 percent. c. buy 2 percent more of the product in response to a 1 percent drop in price. d. require at least a $2 increase in price before showing any response to the price increase. e. buy twice as much of the product if the price drops 1 percent.
The natural rate of unemployment is defined as the unemployment rate that exists in the absence of:
a. structural unemployment. b. frictional unemployment. c. cyclical unemployment. d. seasonal unemployment. e. inflation.
An example of U.S. public investment in infrastructure would be:
A. a wastewater treatment system. B. an oil and gas pipeline. C. a manufacturing plant. D. a construction company.