Which of the following pairs represents the chief source of income and the most important type of expenditure of local governments?
A. Property tax and expenditures for highways
B. Property tax and expenditures for education
C. Sales and excise taxes and expenditures for public welfare
D. Sales and excise taxes and expenditures for police, fire, and general government
B. Property tax and expenditures for education
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An speculator who buys a fifty-year corporate bond
A) must be expecting to still be alive in fifty years. B) is subject to substantial reinvestment risk. C) is probably expecting market interest rates to increase in the future. D) is probably expecting market interest rates to decrease in the future.
For a single country to influence the price of some good in the global market:
A. it must be considered a price taker. B. the country must be large relative to other nations in the world C. the quantity it produces and consumes must be small relative to the total amount of that good bought and sold worldwide. D. the quantity it produces and consumes must be large relative to the total amount of that good bought and sold worldwide.
Skis and snowboards are close substitute goods. Fill in the blanks: A in the price of snowboards would tend to the demand for
What will be an ideal response?
Industry A has two firms that each control 50 percent of the market. Industry B has three firms, where one firm controls 70 percent of the market and the other two firms control 15 percent of the market each. According to the HHI, which industry is more concentrated?
A. Industry A B. Industry B C. Both industries are equally concentrated. D. indeterminate from the given information.