________ risk involves variation in returns due to the ups and downs of the economy, the industry and the firm
A) Structural
B) Fluctuational
C) Business
D) Financial
C
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If domestic savings is growing faster than domestic investment, the current account balance should be
A) increasing. B) decreasing. C) unchanged. D) eliminated.
Suppose we are modeling a "closed" economy. The only way its government can obtain more goods and services than it can claim with net tax revenues is for
A) exports to exceed imports. B) imports to exceed exports. C) investment to exceed saving. D) saving to exceed investment.
Considering that the U.S. places a quota on imports of steel from South Korea, which of the following would NOT likely occur?
A) The price of steel in the United States would increase. B) The quantity of steel produced in the United States would increase or stay the same. C) The demand for steel in the United States will increase. D) The quantity demanded for steel in the United States will decrease.
Big Waves is a large water park. Suppose the individual demand for entrance into Big Waves is Qd = 50 - (2 × P) and each consumer has the same demand. Big Waves has a constant marginal cost of $5 per consumer. If Big Waves practices two-part pricing and charges the profit-maximizing membership fee and entrance fee, what is the profit per consumer?
A) $50 B) $500 C) $200 D) $400