Perfectly competitive markets feature relatively high barriers to entry.
Answer the following statement true (T) or false (F)
False
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The total consumption expenditure in Polonia during a certain year was $135,000, total expenditure on investment was $44,000 and total expenditure incurred by the government was $50,000
Polonia exported goods worth $10,000 during that year and imported goods and services worth $12,000. Calculate the gross national product of Polonia if foreign factors of production added a value of $14,000 in the production of goods and services in Polonia while Polonian workers living abroad added a value of $8,000 to the production process in those countries.
Domestic currency depreciation will:
A) help domestic firms that export and hurt domestic firms that import. B) help domestic firms that import. C) hurt domestic firms that export and help domestic firms that import. D) hurt domestic firms that export.
Sometimes a unitization contract between two oil field owners will require them to turn operations over to a third party because each owner has an incentive to secretly increase output
Indicate whether the statement is true or false
Bay City Mining, Inc has a price of $20 a share, outstanding shares of 2.5 million, retained earnings of $1 million dollars, and a dividend yield of 2 percent. It has a price-earnings ratio of
a. 50, which is high by historical standards. b. 50, which is low by historical standards. c. 25, which is high by historical standards. d. 25, which is low by historical standards.