Critics of the World Bank's analysis of East Asian industrial policies argue that
A) even though growth was faster in the non-targeted industries than it was in the targeted ones, the policies were essential to overall economic growth.
B) growth was faster in nearly every targeted industries than it was in the non-targeted ones.
C) even though growth was the same in the targeted industries as it was in the non-targeted ones, they would have grown slower without the policies.
D) growth was slower in the targeted industries; hence the policies did not work.
C
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Because monopolists are protected by high barriers to entry, they:
a. may be able to earn long-run economic profits. b. will not minimize the per-unit cost of producing their output. c. will price their product at the highest possible price. d. seek economic profit; however, they are not able to earn it in the long run.
Large shareholders can sometimes influence a corporation's decisions without making efforts to replace its management
Indicate whether the statement is true or false
Amalgamated Widget Company is currently considering which investment projects it should undertake. The following list of projects along with the estimated rate of return of each project is presented to the executive management team:Project A (9%)Project B (7.5%)Project C (6.5%)Project D (11%)Project E (5.5%)If the current interest rate in the loanable funds market holds steady at 6%, we would expect the company to undertake ________ projects.
A. two B. four C. three D. five
Calculate the tax-adjusted user cost of capital of a machine that costs $10,000 and depreciates at a rate of 10%, when the real interest rate is 3% and the tax rate on revenue is 5%.
A. $1238 B. $1800 C. $1368 D. $1300