Refer to the above table. Given the demand and cost schedules, what is the profit-maximizing price for this monopolist?
A. $13
B. $11
C. $12
D. $10
Answer: B
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If the substitution effect is stronger than the income effect, an increase in real interest rates will lead to ________ in aggregate consumption and will lead to ________ in household saving
A) an increase; a decrease B) a decrease; a decrease C) a decrease; an increase D) an increase; an unclear change
Beta is
A) is a measure of the overall market's volatility relative to a specific stock. B) is equal to the equity premium. C) a measure of a stocks volatility relative to the market as a whole. D) none of these choices.
Which of the following is an explanation for why some poor countries suffer from lower productivity growth?
a. Too much saving has lead to the accumulation of capital in poor countries. b. The adoption of technology too quickly hurts the labor force in poor countries. c. Primary education is universal in poor countries. d. Poor countries have lower capital stocks.
A freely floating exchange rate brings some risks to people who are actively engaged in foreign trade
a. True b. False Indicate whether the statement is true or false