What is autarky?
What will be an ideal response?
Autarky is a situation in which a country does not trade with other countries.
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The assumption that people may choose to hold excess money balances when there is an increase in the money supply is emphasized by
A) supply-side economists. B) Monetarists. C) Keynesians. D) rational expectations theorists.
What does it mean for an investment bank conducts a "road show"?
A) It involves an investment bank marketing its services to firms considering new issues. B) It is when an investment bank goes to the SEC to seek approval for a new issue. C) It is when firms seeking an underwriter consider alternative investment banks. D) It involves visits to institutional investors who might want to buy the security issue.
______________ goods satisfy wants directly, whereas ___________ goods do so indirectly.
a. Capital; consumer b. Consumer; capital c. Future; capital d. Demand; supply e. Present; future
Suppose two duopolists operate at zero marginal cost. The market demand is p = a - bQ. If firm 1 is the Stackelberg leader, what level of output will it choose?
A) q1 = (a - bq2)/2b B) q1 = (a - 2bq2)/2b C) q1 = a/b D) q1 = a/2b