Which of the following is an example of a company whose stock showed evidence of a price bubble?
a. Facebook
b. Google
c. Amazon
d. all of the above
d
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Which of the following statements is true about optimal two-part tariff and perfect price discrimination for a given demand curve?
A) The total revenue received under an optimal two-part tariff could be greater than, less than, or equal to that received under perfect price discrimination, depending on the fixed-fee portion of the two-part tariff. B) The total revenue received under the two pricing schedules is the same. C) The total revenue received under an optimal two-part tariff is less than that received under perfect price discrimination. D) The total revenue received under an optimal two-part tariff exceeds that received under perfect price discrimination.
When a country has monetary autonomy, it can:
A) conduct monetary policy independently of all other countries. B) conduct monetary policy only in coordination with all other countries. C) conduct monetary policy only in cooperation with its reserve currency country (the country to which it fixes its currency). D) print money without affecting inflation.
According to the Keynesian model,
A. wages are flexible because workers wouldn't otherwise be able to keep their jobs. B. the price level is somewhat fixed due to social forces, which keeps an economy from remaining at an equilibrium level of unemployment. C. the government puts price controls on the economy, keeping the price level fixed. D. prices are subject to significant fluctuations as demand and supply change.
Assume that production from an electric utility caused acid rain. If the government imposed a tax on the utility equal to the marginal external cost of the acid rain, the government's action would
A) externalize the externality. B) result in a marginal social benefit greater than the marginal cost of the electricity. C) be an example of supply-side economic policy. D) internalize the externality.