If industry sales are $2,000, and the top four firms have sales of $170, $140, $100, and $80, respectively, what will be the four-firm concentration ratio?
A) 49 percent
B) 24.5 percent
C) 490 percent
D) 2.45 percent
B
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Suppose the private sector wishes to hold a constant level of real high-powered money
This means that with an ongoing inflation of p percent, each year the government treasury can obtain goods from the private sector in exchange for ________ p times the existing high-powered money, a government revenue source called ________. A) creating, seignorage B) creating, transfer payments C) collecting, seignorage D) collecting, transfer payments
Which of the following is correct?
A. A person who purchases a corporate bond is guaranteed to earn dividends from the stock. B. A person who purchases a corporate bond is borrowing money from a corporation. C. A person who purchases a corporate stock is buying ownership in the corporation. D. A person who purchases a corporate stock gets the option to buy other shares at lower prices.
Other things being equal, if a firm's marginal cost curve shifts upward at all output levels:
A. the average total cost curve remains unchanged at all output levels. B. the average variable cost curve remains unchanged at all output levels. C. the average fixed cost curve remains unchanged at all output levels. D. All of these
The following national income statistics are in billions of dollars
Refer to the above data. Personal income is:
A.
$483 billion
B.
$376 billion
C.
$372 billion
D.
$317 billion