Your loss from an increase in interest rates is ________, and your gain from a decrease in interest rates is ________, if you hold a two-year bond compared to holding a one-year bond
A) greater; greater
B) greater; less
C) less; greater
D) less; less
A
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Which of the following statements is true?
A) Lower infant mortality rates are always a result of income growth in countries. B) Lower infant mortality rates are related to income growth in countries. C) The higher the income per capita, the higher the infant mortality rate. D) There is no correlation between income per capita and infant mortality rates.
Suppose a perfectly competitive market is in long-run equilibrium. If there is a permanent increase in demand,
A) at least in the short run, some firms will increase their output. B) at least in the short run, the price will increase initially. C) new firms will enter the market. D) All of the above answers are correct.
Which of the following actions should be discussed with an attorney before undertaking as the action could be considered legal?
A) an agreement with a customer about the markets in which the customer is allowed to resell the product B) an agreement with a competitor firm not to bid on a contract C) an agreement with a competitor firm submit a low bid on a contract D) an agreement with a competitor firm submit a high bid on a contract
A bilateral monopoly exists when there is a
A) single buyer and many sellers in the market. B) single seller and many buyers in the market. C) large number of buyers and sellers in the market. D) single buyer and a single seller in the market.