"Inside information" is the use of information
A) by those who read the companies' annual reports.
B) by those who write the companies' annual reports.
C) by stockbrokers at the largest brokerage firms.
D) that is not available to the public.
D
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Why is a single-price monopoly inefficient?
What will be an ideal response?
The one determinant of the growth of capital per person that can be affected by policy is the
A) depreciation rate. B) saving rate. C) money supply growth. D) rate of technological change.
A quota is
A) a tax imposed on imported goods. B) a legal limit on the amount of a good that can be produced by foreign owners of a firm located in a host country. C) a legal limit on the amount of a good that can be imported. D) an agreement between two countries in which the exporting country voluntarily agrees to limit its exports to the importing country.
The term "rent seeking" best describes a situation in which:
A. individuals expend effort searching for a good price on an apartment. B. consumers compete for a limited quantity of the good. C. firms use resources to secure or preserve a monopoly in providing a good or service. D. None of these is a good description of rent-seeking behavior.