If bond prices and interest rates are plotted on a graph, the curve has a positive slope.
Answer the following statement true (T) or false (F)
False
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Discuss the advantages of the Herfindahl-Hirschman Index compared with the four-firm concentration ratio.
What will be an ideal response?
"If firms in an oligopoly operate as a monopoly, the industry produces the most output and if they operate as perfect competitors, the industry produces the least output." Is the previous statement correct or incorrect? Why?
What will be an ideal response?
Suppose Coke and Pepsi are perfect substitutes. a. Derive the shape of the (uncompensated) demand curve. b. Derive the shape of the compensated demand (or MWTP) curve.
What will be an ideal response?
Applying the idea of time inconsistency, we can say that, in general, a person's "future-oriented self":
A. has the same objectives as the person’s present-oriented self, but articulates them differently. B. tends to choose healthier options, whereas the present-oriented self gives into temptation more easily. C. is less rational in decision-making, because that self rarely matches actual behavior. D. is more rational in decision-making, because its choices are generally healthier or more altruistic.