Who among the following enjoys some form of property rights?
A) A common homebody
B) A small business owner
C) A bondholder
D) A state senator
E) All of the above.
E
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Which of the following statements is correct about the demand curve of the perfectly competitive industry?
A) The demand curve of the perfectly competitive industry is horizontal as are the demand curves facing the individual firms. B) The market demand curve of perfect competition is vertical because the individual consumers are buying a homogeneous product. C) The market demand curve of the perfectly competitive industry is downward sloping while the demand curve facing an individual firm is horizontal. D) The market demand curve of the perfectly competitive industry is downward sloping, so the demand curves of the individual firms are also downward sloping.
Tiffany needs to assess the market risk in order to decide when to launch a new product. He decides to delegate the task of risk assessment to Joe who is a competent employee of the firm. Which of the following conclusions can be drawn from this?
a. Joe has the required tools and resources to carry out the order. b. Joe is above Tiffany in the hierarchy of this firm. c. The chances that Joe's assessment will be accurate are very high. d. Tiffany is well equipped to analyze the information he passes on to Joe.
Explain the concept of “lender of last resort.” What is discount rate?
What will be an ideal response?
Suppose a new textbook sells for $100 at the college bookstore. The bookstore will buy it back at the end of the semester for $35, and sell then it used to somebody else for $75. Christina agrees to the deal, and pays $100
Once she buys the book, her sunk cost is A) $25. B) $35. C) $40 D) $65 E) $100.