The effectiveness with which markets bring buyers and sellers together is called

A) pricing efficiency.
B) operating efficiency.
C) the theory of efficient markets.
D) bid-asked spread efficiency.


B

Economics

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In a production possibilities frontier graph, the cost of producing more units of a good is measured by the

A) dollar value of the additional output. B) area in the arc between the PPF and a straight line drawn between the starting point and the ending point. C) dollar value of the resources used to produce the good. D) amount of the other good or service that must be forgone. E) None of the above answers is correct.

Economics

Net investment equals gross investment minus depreciation

Indicate whether the statement is true or false

Economics

Inflation targeting is one policy that attempts to deal with the problem of:

a. dollarization. b. time inconsistency. c. the tradeoff between inflation and unemployment. d. the liquidity trap. e. none of the above.

Economics

If a firm sells 5 units of output at $9 per unit and 6 units of output when price is reduced to $8, its marginal revenue from selling the sixth unit is

A) $1. B) $48. C) $45. D) $3.

Economics