Prices that maximize the public interest will always allow reasonable profits for firms
a. True
b. False
Indicate whether the statement is true or false
False
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Refer to Cournot Problem. In the Nash Equilibrium, the deadweight loss will be
a. $300 b. $450 c. $600 d. $900
Sonia has a BAin art history, and is currently working full-time as a waitress. The Bureau of Labor Statistics would count Sonia as:
A. employed. B. underemployed. C. unemployed. D. a discouraged worker.
Consider a mutual fund with a 6 percent back-end load that decreases to 0 percent in the seventh year. How much of the load will an investor have to bear if she sells it off in the second year?
a. 4 percent of the load b. 3 percent of the load c. 6 percent of the load d. 5 percent of the load e. 2 percent of the load
If the exchange rate is 8 Moroccan dirhams per U.S. dollars, a crate of oranges costs 400 dirhams in the Moroccan capital of Rabat, and a similar crate of oranges in Miami sells for $55 dollars, then
a. the real exchange rate is greater than one and arbitrageurs could profit by buying oranges in the U.S. and selling them in Morocco. b. the real exchange rate is greater than one and arbitrageurs could profit by buying oranges in Morocco and selling them in the U.S. c. the real exchange rate is less than one and arbitrageurs could profit by buying oranges in the U.S. and selling them in Morocco. d. the real exchange rate is less than one and arbitrageurs could profit by buying oranges in Morocco and selling them in the U.S.