Which of the following is not a major institutional investor in the stock market?
A) Mutual funds
B) Pension funds
C) Insurance companies
D) Commercial banks
D
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A lagging variable can be recognized by the fact that
A) its persistence is smaller than that of GDP. B) its turning points happen before the turning points of GDP. C) the turning points of GDP happen before its turning points. D) its persistence is larger than that of GDP.
In peak-load pricing, the off-peak profit-maximizing quantity is ________ than the profit-maximizing quantity during the peak period and the profit-maximizing price during the off-peak period is ________ than the profit-maximizing price during the peak period.
A) less; more B) more; more C) less; less D) more; less
Drivers with auto insurance being more likely to act carelessly is an example of:
A. adverse selection. B. moral hazard. C. asymmetric selection. D. information optimization.
A customs duty is an example of a(n)
a. use tax b. payments tax c. excise tax d. transactions tax e. process tax