The present value of $1 received n years from now is found by dividing 1 by _______.
Fill in the blank(s) with the appropriate word(s).
(1 + r)n
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The table above lists the market shares of the twenty makers of personal computers. The four-firm concentration ratio tells us that
A) the four largest firms have 20 percent of the market. B) there are no barriers to entry in this market. C) the firms sell differentiated products. D) all firms sell identical products.
Which of the following is an example of an expansionary monetary policy?
a. A reduction in government purchases of goods and services b. An increase in the discount rate c. An open market sale of U.S. government securities d. A reduction in the required reserve ratio e. A tax cut
Government failure occurs when
a. intervention by the government in the market fails to provide the socially optimal quantity of goods produced b. the government fails to intervene in a market that has sizable externalities c. the government fails to protect the free market and is forced to nationalize d. the government must intervene in a market to provide the socially optimal quantity of goods e. the government imposes a tax when it should have used an obligatory control
The coefficient of determination (R2) decreases when an independent variable is added to a multiple regression model.
Answer the following statement true (T) or false (F)