The deleveraging of financial institutions led to the financial crisis of 2007-2008 sometimes also referred to as the _____
a. stock crisis
b. debt crisis
c. stock market bubble
d. bank run
e. credit crisis
e
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For resale price maintenance to be successful for the manufacturer, as a result of the product-specific services, the shift in the market demand must ________ the shift in the market supply.
A) be less than B) be exactly one -half C) be greater than D) be equal to
You are an analyst with a perfectly competitive firm that makes DRAM memory chips. You must manufacture the chips before you know what the demand will be. If demand turns out to be high, then producing where E[MR] = MC rather than where MRH = MC lowers your profit by an amount equal to ________.
A) area A
B) area A plus the trapazoidal area marked by E and E
C) the trapezoidal area marked by E and E
D) area B + area C
If a consumer is willing and able to pay $20 for a particular good and if he pays $16 for the good, then for that consumer, consumer surplus amounts to
a. $4. b. $16. c. $20. d. $36.
If the U.S. government imposes a quota on imports of jet planes, then
a. net capital outflow rises. b. net exports rise. c. the exchange rate rises. d. All of the above are correct.