Studies of real world markets suggest that prices and the number of firms of comparable size in a market are:
A. positively related.
B. negatively or inversely related.
C. not related.
D. sometimes negatively or inversely related, but usually positively related.
Answer: B
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If an economy's growth rate of real GDP is 3 percent per year and the growth rate of the population is 2.5 percent per year, the growth rate of real GDP per person is
A) 3 - 2.5 = 0.5 percent per year. B) 3 + 2.5 = 5.5 percent per year. C) 2.5 - 3 = -0.5 percent per year. D) [(3 - 2.5 ) ÷ 2.5] × 100 = 20 percent per year. E) [(2.5 - 3 ) ÷ 3] × 100 = 16.6 percent per year.
Discouraged workers who are over 16 years old are
i. not counted as unemployed. ii. part of the working-age population. iii. part of the labor force. A) i only B) ii only C) i and ii D) ii and iii E) i, ii, and iii
Economies that adopt more open trade policies have often historically enjoyed faster economic growth rates as a result. This is an example of what kind of statement?
A. Marginal B. Normative C. Positive D. Biased
No particular stock is a better buy than any other stock if
a. stock prices are driven by investors' "animal spirits.". b. the random-walk theory of stock prices is incorrect. c. the efficient markets hypothesis is correct. d. actively managed mutual funds always outperform index funds.