________ shows the values of a variable for different groups in the population at a certain point in time
A) The origin
B) A time-series graph
C) A trend-line graph
D) A cross-section graph
E) A scatter plot
D
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The fact that you may not know who your congressional representative is represents
A) rational ignorance on your part. B) the rival nature of information. C) inefficient oversupply of public servants. D) the use of the median voter theorem.
It is difficult to determine if foreign companies are selling their products for prices below their costs of production because
A) domestic taxes increase the firms' costs but it is difficult to determine the incidence of these taxes. B) the firms have no legal obligation to reveal this information. C) costs are calculated in the firms' local currencies. D) the true costs of production are difficult to calculate.
A risk-neutral person will invest in a project by examining if
A) the expected utility associated with the project is positive. B) the marginal utility associated with the project is positive. C) the expected net present value is positive. D) All of the above.
If a pre -merger Herfindahl-Hirschman Index (HHI) is between ________, the market is considered moderately competitive and if a merger in this market raises the HHI by more than ________, antitrust agencies worry about the potential loss of competition.
A) 1,500 and 2,500; 50 B) 2,500 and 5,500; 100 C) 2,500 and 5,500; 25 D) 1,500 and 2,500; 100