In 2000, Microsoft was
A. issued a consent decree requiring it to be sold to new owners.
B. fined more than $1 billion for violating U.S. antitrust laws.
C. found not guilty of violating U.S. antitrust laws.
D. ordered by a judge to split into two companies.
Answer: D
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The basic assumption behind the J-curve effect is that
A) supply and demand for currencies are less elastic in the short run than in the long run. B) in the short run, supply will exceed demand; in the long run, they will be equal. C) an overshooting effect occurs as people adjust to the new information. D) investors tend to be overly cautious in currency instruments.
Loss aversion can explain why very little ________ actually takes place in the securities market
A) short selling B) bargaining C) bartering D) negotiating
Which of the following is a characteristic of a competitive price-taker market?
a. Profit maximizing firms in the market will expand output until price equals average variable cost. b. The market demand curve for the product is a horizontal line. c. There are many firms in the market, each producing a small share of total market output. d. The product produced by each of the firms is differentiated.
If a three-fourths majority of both houses of the U.S. Congress was required for approval of a spending project, economic analysis indicates that
What will be an ideal response?