The automobile, breakfast cereal, and tobacco industries are examples of
a. monopolistic competition
b. oligopoly
c. perfect competition
d. monopoly
e. monopsony
B
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The transactions that take place in the financial markets:
A. can be very complex. B. are very simple. C. are always to the buyer's advantage. D. are always to the seller's advantage.
The normal rate of return on equity capital is also known as
a. the explicit cost of capital. b. the marginal cost of capital. c. economic profit. d. the opportunity cost of capital.
If expected inflation were 3%, and the real interest rate was 6%, what sector would be worse off if the actual inflation rate turned out to be 5%
a. Businesses. b. Laborers. c. Both. d. None.
International transactions fall into what two broad categories?
A. Manufacturing trade and services trade. B. International trade and international asset transactions. C. Currency transactions and services trade. D. Newly created assets and preexisting assets.