The difference between the buy at and the sell at price is caused by:
a. market friction.
b. transaction cost.
c. menu cost.
d. market friction and transaction cost.
Ans: d. market friction and transaction cost.
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What country is given credit for the birth of the Eurodollar market?
A) the United States B) England C) the Soviet Union D) Japan
If there are 10,000 people in your age bracket, and 10 of them died last year, an insurance company believes that the probability of someone in that age bracket dying this year would be
A) 0. B) .001. C) .0001. D) 1,000.
Since resources are not equally substitutable across uses: a. the production possibilities curve will be positively sloped. b. the production possibilities curve will be a straight line
c. the production possibilities curve will be bowed outward. d. the production possibilities curve will be bowed inward.
Consolidation activity in the hospital industry:
a. has slowed due to federal government legislation. b. has occurred almost exclusively at the local level. c. occurs for the same reasons that cause consolidation in other industries. d. has created a large number of nationwide for-profit hospital chains.