Table 12.1The four-firm concentration ratio for the market depicted in Table 12.1 is:
A. 10%.
B. 40%.
C. 82%.
D. 92%.
Answer: D
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As firms find themselves producing closer to their maximum capacities, the most likely outcome would be that the economy's
a. investment curve will shift upward b. investment curve will shift downward c. consumption curve will shift downward d. consumption curve will shift upward e. position along the existing consumption curve will move upward
Using the quantity theory of money, increases in the transactions demand for money when the money supply is fixed can only be satisfied by
a. increases in the velocity of money b. decreases in the velocity of money c. decreasing investment d. accommodating the precautionary demand for money e. reducing the price level
Net exports are
A. the smallest component of GDP. B. income after taxes. C. the largest component of GDP. D. included in government spending.
Currency traders expect the dollar to depreciate. What impact will this have on equilibrium in the foreign exchange market?
A) The dollar will appreciate, and the equilibrium quantity of dollars will decrease. B) The dollar will depreciate, and the equilibrium quantity of dollars exchanged will decrease. C) The dollar will appreciate, and the equilibrium quantity of dollars will increase. D) The dollar will depreciate, and the change in the equilibrium quantity of dollars exchanged cannot be determined.