Shows on broadcast TV, like ABC or NBC, are ________ and shows on cable TV, like MTV or HBO, are ________.
A. nonexcludable; excludable
B. excludable; nonexcludable
C. rival; nonrival
D. nonrival; nonexcludable
Answer: A
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Which of the following functions is not performed by financial markets?
a. facilitating large-scale production b. reallocating spending across time c. reducing risk through diversification d. discovering new production techniques e. disciplining management of corporations
A consulting firm estimates the following quarterly sales forecasting model:Qt = a + bt +cDThe equation is estimated using quarterly data from 2005 I - 2015 III (t = 1,..., 43). The variable D is a dummy variable for the second quarter where: D = 1 in the second quarter, and 0 otherwise. The results of the estimation are: 
Given the above, these estimates indicate that the second quarter change in sales is
A. 24.5 units higher in the second quarter than in the other three quarters. B. 1.86 units higher in the second quarter than in the other three quarters. C. 2.00 units higher in the second quarter than in the other three quarters. D. 22.5 units higher in the second quarter than in the other three quarters.
If the price level is increasing at 4% and output is increasing at 5%, then
A. Nominal GDP is increasing at 20%. B. Nominal GDP is increasing faster than real GDP. C. Real GDP is increasing faster than nominal GDP. D. None of the choices are correct.
A friend who is taking her first class in investments asks you why the regulatory bodies place so much emphasis on minimizing insider information if many of the potential problems associated with financial transactions stem from information asymmetry or a lack of information. How would you respond?
What will be an ideal response?