Which of the following is not a barrier to entry in an industry?
A. Profit maximization
B. Strategic pricing
C. Government licensing
D. Economies of scale
Answer: A
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Borrowers and lenders make transactions based on the
A) expected real interest rate less the expected rate of inflation. B) real interest rate. C) expected real interest rate. D) expected nominal interest rate.
Under a gold standard in which one dollar could be turned in to the U.S
Treasury and exchanged for 1/20th of an ounce of gold and one German mark could be exchanged for 1/100th of an ounce of gold, an exchange rate of ________ marks to the dollar would stimulate a flow of gold from the United States to Germany. A) 7 B) 6 C) 5 D) 4
Suppose we know the following about a lawn repair business: wages $15,000, profits $4,000, tax $ 3,000, parts $ 9,000. What is the contribution to GDP of this business using the product approach?
A) $31,000. B) $27,000. C) $26,000. D) $22,000.
Within certain limits, the reserve requirement for check able deposits are established by
a. Congress. b. the U.S. president. c. each Federal Reserve Bank. d. the Board of Governors.