Which of the following market structures is considered imperfectly competitive?
A. Perfect competition
B. Monopolistic competition
C. Monopoly
D. All of these are considered imperfectly competitive.
B. Monopolistic competition
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The host country's balance-of-payments problem tends to worsen when foreign firms:
a. invest solely in capital-intensive industries. b. repatriate their profits to the headquarters from the host country. c. acquire the foreign operations in order to diversify corporate investment holdings. d. refuse to share technological expertise with the host country. e. export all products to other countries.
. Jaime’s cross price elasticity of science fiction and mystery novels is -4. This means that the novels are
a. compliments. b. normal. c. substitutes. d. inferior.
If the price of one Weight Watchers frozen dinner is $2 and the price of one dozen jelly doughnuts is $1, which of the following would Kent, a utility-maximizing consumer, buy with his $6?Jelly DonutsFrozen DinnersDozen Consumed per DayTotal utility (Units of utility)Dinners Consumed per DayTotal utility (Units of utility)0000112116221232327346430442530542628636
A. 2 frozen dinners and 2 dozen jelly doughnuts B. 1 frozen dinner and 4 dozen jelly doughnuts C. 6 dozen jelly doughnuts D. 3 frozen dinners
The Beck Depression Inventory-II has a reliability coefficient (coefficient alpha) of .92. Using classical test theory, interpret the meaning of this reliability coefficient.
a. The amount of error variance to observed variance is 92% b. The amount of true variance to observed variance is 92% c. The instrument has good enough reliability d. The instrument's validity coefficient would be .922 (or .92 squared)