The percentage of all sales contributed by the leading firms in an industry is known as
A. the concentration ratio.
B. the zero sum.
C. the Herfindahl index.
D. the Hirschman index.
Answer: A
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According to the principle of asset valuation, the value of any asset is equal to
a. the sum of all the future benefits it generates b. the revenue it generates during its first year c. the sum of the present values of all the future net benefits it generates d. the ratio of its final year's benefits to its price e. the sum of all future benefits it generates minus its price
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point D to Point B, the opportunity cost of hybrid cars, measured in terms of motorcycles,
A. initially increases, then decreases. B. increases. C. remains constant. D. decreases.
The exchange rate is
a. the rate at which goods will exchange for each other in the international market b. the number of units of one currency required in exchange for one unit of another currency c. the number of units of one currency required in exchange for one unit of another countries' good d. established by the ratio of the values of currency to goods e. set by each individual country, which is why we have deficits and surpluses on current account
Voluntarism often has proved to be weak and unreliable. Does it still have a place in controlling activities that damage the environment?