MVA (Market Value Added)
A) will always be a positive number.
B) may be a negative number.
C) measures the market value of the firm.
D) None of the above
B
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"Duopoly" is
A) another name for monopoly. B) a special type of monopolistic competition. C) a two-firm oligopoly. D) a game with three players. E) the situation when a firm sets a duo (two) of different prices for its customers.
Banks can make loans up to an amount equal to their
A) total deposits. B) total reserves. C) required reserves. D) excess reserves. E) total government securities.
After 1970, the share of federal spending allocated to national defense:
A. declined sharply, while the share allocated to income security increased substantially. B. rose sharply, while the share allocated to income security declined substantially. C. was relatively constant, while the share allocated to income security declined modestly. D. declined modestly, while the share allocated to income security was relatively constant.
Which of the following is an example of a public good?
A) Amtrak rail transport services B) services of the U.S. Post Office C) the provision of medical care D) the provision of national defense