Tobin's q is equal to
A. the expected after-tax real interest rate.
B. the ratio of capital's market value to its replacement cost.
C. the stock market value of a firm.
D. the ratio of capital's replacement cost to its market value.
Answer: B
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What will be an ideal response?
Which of the following statements best describes excess demand, or shortage?
a. The area between the supply and demand curves above the equilibrium point is called excess supply, or surplus. b. The area between the supply and demand curves below the equilibrium point is called excess supply, or surplus. c. The area between the supply and demand curves to the right of the equilibrium point is called excess supply, or surplus. d. The area between the supply and demand curves to the left of the equilibrium point is called excess supply, or surplus.
Which of the following is a direct tax?
A. Excise tax B. Tax on corporate profits C. Property tax D. Sales tax
One way the government decides how to pay for a public good is:
A. the transfer of surplus. B. the ease of collecting payout. C. if they can make the good excludable and charge its users. D. All of these are ways the government allocates payment of public goods.