Which of the following is not a characteristic of an oligopolistic industry?
A) Substantial barriers to entry.
B) The output produced by the firms in the industry may be homogeneous or differentiated.
C) A small number of large firms.
D) One dominant firm and low entry barriers.
D
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Which demographic groups have the highest poverty rates?
What will be an ideal response?
You have a bond that pays $60 per year in coupon payments. Which of the following would result in an increase in the price of your bond?
A) The price of a share of stock in the company falls. B) Coupon payments on newly-issued bonds fall to $50 per year. C) Coupon payments on newly-issued bonds rise to $80 per year. D) The likelihood that the firm issuing your bond will default on debt increases.
If the MPC is 0.5, and the government cuts spending by $400b, the overall effect on GDP will be:
A. a decrease of $400b. B. an increase of $400b. C. a decrease of $800b. D. an increase of $800b.
National income is the sum of
a. wages and profits. b. wages, interest, profits, and rent. c. interest and rent. d. wages, transfer payments, and tax revenues.