According to economists, competition exists because of
A) scarcity.
B) capitalism.
C) money.
D) unintended effects.
A
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If a corporation's retained earnings are expected to create future profits, the market price of the firm's stock will ________ and create a ________ for stockholders if the stock is sold
A) decrease; capital gain B) decrease; loss of wealth C) increase; loss of wealth D) increase; capital gain
If the customer moves first, with a low price what is the best response of the shopkeeper
a. Accept the low price b. Walk away from the deal c. Throw the haggling customer out of your store d. Shut down your store
A risk premium is
a. the difference between the earnings of a low risk asset and a high risk asset b. premium paid to a security holder to compensate him for bearing a higher risk c. both A&B d. none of the above
If the Fed were to increase the required reserve rate from ten percent to twenty percent, the simple deposit expansion multiplier would:
A. increase by 10 percent. B. decrease by a factor of ten. C. double. D. be half as large as it was before the increase.