Which of the following represents ownership of a firm?
A) commodities
B) stocks
C) bonds
D) loans
E) short-term securities
B
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Describe the differences between the growth rates of real personal consumption and real gross private investment in the United States
What will be an ideal response?
Industry X has four firms. The largest firm in Industry X has more than 90 percent of the market share. Industry Y also has four firms, but each of those four firms in Industry Y has 25 percent of the market share
The Herfindahl-Hirschman index will be A) the same for both industries, but the four-firm concentration will be larger for Industry Y than Industry X. B) the same for both industries, but the four-firm concentration will be larger for Industry X than Industry Y. C) larger for Industry Y than Industry X, but the four-firm concentration will be the same. D) larger for Industry X than Industry Y, but the four-firm concentration will be the same.
Which type of demand for money causes the demand for money curve to slope downward?
A. speculative demand B. precautionary demand C. transactions demand D. foreign-exchange demand
Figure 32-1
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In Figure 32-1, there are four levels of income. G is government expenditures and TT is taxes less transfers. At which level of income does the official budget produce a surplus?
A. Y4 B. Y3 C. Y2 D. Y1