Which of the following has the highest Herfindahl-Hirschman index?
A) monopoly
B) monopolistic competition
C) oligopoly
D) any of the above, depending on the size of firm sales
Answer: A
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Caitlin has just decided to order a computer that is made in Japan. She needs to convert U.S. dollars for Japanese yen. This conversion takes place in the
A) International Monetary Fund. B) target zone. C) foreign exchange markets. D) SDRs.
A company's inventory management policy influences day-to-day availability. What is the tradeoff between inventory costs and stock-out costs?
a. Expensive inventory vs. lost customers b. Technological innovations vs. product attributes c. Capital vs. debt equity d. Expensive inventory vs. technological investment
Which of the following refers to a short run phenomenon?
A. diminishing returns B. economies of scale C. constant returns to scale D. diseconomies of scale
The production function graphs the relationship between
A) nominal GDP and real GDP. B) real GDP and the quantity of labor employed. C) real GDP and capital. D) nominal GDP and the quantity of labor employed. E) real GDP and the supply of labor.