Monopolistic competition means:
A. a market situation where competition is based entirely on product differentiation and
advertising.
B. a large number of firms producing a standardized or homogeneous product.
C. many firms producing differentiated products.
D. a few firms producing a standardized or homogeneous product.
Answer: C
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A stock that has a price of $20 per share, earnings per share of $2.00, and a dividend of $1.50 will have
A) a PE ratio of 20/1.50. B) a yield of 7.5 percent. C) a yield of 12 percent. D) a PE ratio of 1.333.
A head tax is
a. always regressive. b. an indirect tax on the value of property. c. the primary tax used by U.S. municipalities to raise revenue. d. All of the above are correct.
Use the following graph for a competitive market to answer the question below.
Assume the government imposes a $3 tax on buyers, which results in a shift of the demand curve from D1 to D2. The amount of the tax revenue paid by the seller is
A. $600. B. $300. C. $2100. D. $900.
During the financial crisis of 2007–2009, the interest rate spread on mortgage-backed securities over Treasury bills
A. increased tremendously. B. increased moderately. C. decreased moderately. D. decreased tremendously.