Debt equity swaps may lead to
(a) increased foreign ownership.
(b) greater domestic inflation.
(c) lower debt servicing requirements.
(d) all of the above.
(e) none of the above.
D
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The figure above shows that at the unregulated market equilibrium, marginal social benefit ________ marginal cost, and the number of students enrolled is ________
A) exceeds; above the efficient quantity B) exceeds; below the efficient quantity C) is below; above the efficient quantity D) is below; below the efficient quantity E) equals; efficient
Because of the value of things produced in households,
a. the GDP value is adjusted upward. b. the GDP value is adjusted downward. c. GDP is probably somewhat smaller than true total output. d. GDP is probably somewhat larger than true total output.
The branch of economics that focuses on the conduct of affairs within narrowly defined units, such as households or business firms, is called: a. macroeconomics
b. microeconomics. c. socioeconomics. d. applied economics.
The main problem with a regulatory commission setting P = ATC is that the regulated firm will
a. experience a loss b. find its demand curve shifting to the left c. earn economic profits d. refuse to make new purchases of capital e. have little incentive to keep costs down