Oligopolistic behavior includes
A. Independent pricing.
B. Tacit collusion.
C. High concentration ratios.
D. High barriers to entry.
Answer: B
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A nation's investment must be financed by
A) national saving only. B) the government's budget deficit. C) borrowing from the rest of the world only. D) national saving plus borrowing from the rest of the world.
The farmer's association is a type of government with unlimited jurisdiction
Indicate whether the statement is true or false
What is the largest expenditure component of GDP?
A. Gross private domestic investment B. Personal consumption spending C. Net exports D. Government purchases
An oil company is considering drilling in the Gulf at a current cost of $300,000 with an expected profit of $500,000 in three years. The current market rate is 10 percent. Should the company make the investment?
A. Yes, the future value of the profit is greater than the present value of the cost B. No, the future value of the profit is less than the present value of the cost C. Yes, the present value of the profit is greater than the present value of the cost D. No, the present value of the profit is less than the present value of the cost