If the government owns a nationalized firm, the prices are
a. set by an administrative agency of the government
b. set by the free market
c. high enough to make economic profits for the government
d. determined by competition
e. set to encourage efficiency and reduce waste
A
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An overvalued domestic currency:
A) can be achieved by selling the domestic currency. B) harms all the economic agents in the country. C) makes imports less expensive for domestic consumers. D) benefits all the economic agents in the country.
A rational expectation of the inflation rate is
A) always correct. B) a forecast based on the forecasted actions of the Fed and other relevant determinant factors. C) a forecast based only on the historical evolution of inflation over the last 100 years. D) an expected inflation rate between 5 percent and 10 percent. E) an expected inflation rate between 1 percent and 5 percent.
Suppose the Kwik Print Company considers an investment project that involves the purchase of a copier with an expected output of $4,000 . If the firm has to borrow $3,000 and the rate of return is 11.1 percent, then the interest rate associated with the loan must be 20 percent
a. True b. False Indicate whether the statement is true or false
A dividend is
a. a payment to the corporation's bondholders b. the same as the profit of the corporation c. a payment of a portion of the corporation's profits to the shareholders d. guaranteed if one has common stock e. the payment to each partner in a partnership form of business