Supplier power is high when
a. Suppliers are concentrated
b. The inputs provided are critical
c. The inputs provided are unsubstitutable
d. All of the above
d
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Which of the following is NOT a characteristic of a private good?
a. rivalry in consumption b. benefits of consumption are nonexcludable c. consumption of the good precludes consumption by another individual d. the benefits to a consumer of consuming the good are exclusive to that individual
Suppose that the annual dividend per share of stock is $4.40 and the closing price of the stock is $82.50, the yield of the stock would be
A. 13.3% B. 5.3% C. 23.6% D. 10.7%
To say that the forward market lacks liquidity means that
A) forward contracts usually result in losses. B) forward contracts cannot be turned into cash. C) it may be difficult to make the transaction. D) forward contracts cannot be sold for cash.
The revenue collected by an income tax is a function of the average tax rate
a. True b. False