Financial markets quickly eliminate unexploited profit opportunities through changes in
A) dividend payments.
B) tax laws.
C) asset prices.
D) monetary policy.
C
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A person who has not worked in six months and has given up looking for work is officially classified as
A. employed. B. unemployed. C. discouraged. D. in the labor force.
Keynesians argue that the stabilizing effects of a fall in investment and the resulting decline in the price level assumed by the monetarists
A) will not happen because the price level will actually rise. B) will happen. C) is not likely to happen because the price level rarely ever falls. D) may or may not happen depending on what happens to interest rates.
Providing public goods is a(n)
A) economic function of government. B) political function of government. C) economic and political function of government. D) price system function.
If the Herfindahl index is the same in two industries, we can conclude that
a. the number of firms in each industry is the same b. there must not be the same number of firms in the two industries c. the sum of the squared market shares of all firms is the same in the two industries d. there must be an identical distribution of market share among firms in the two industries e. there must be a different distribution of market share among firms in the two industries