Which of the following are typically financed in a "stock market"?
i. shares sold by a firm to finance its international growth plans
ii. new mortgages for home buyers
iii. credit card balances
A) i, ii and iii B) ii and iii C) ii only D) i and iii E) i only
E
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When wages or benefits are automatically increased based on the reported inflation rate, it is called the ________ adjustment
A) cost-of-living B) change in imports C) natural flow of money D) change in exports
In the short run, the profit-maximizing monopolistically competitive firm will produce the rate of output at which
A) P = MC. B) MR = MC. C) P = ATC. D) MR = ATC.
All of the following groups benefited from immigration to the U.S. in the late 19th and early 20th century except
a. steamship companies b. mining companies c. manufacturing companies d. railroads e. All of the above benefited from immigration.
Consider two resource markets in which the demand curves slope downward. In market A, the supply curve is horizontal, equilibrium price is $6, and 100 units of the resource are hired. In market B, the supply curve is vertical, equilibrium price is $20, and 30 units of the resource are hired. Which of the following is true?
a. All of the resource earnings in market A are economic rent. b. All of the resource earnings in both markets are economic rent. c. All of the resource earnings in market B are economic rent. d. None of the resource earnings in either market is an opportunity cost. e. None of the resource earnings in either market is economic rent.