People tend to "dress up" for job interviews, even though their clothes do not make them more productive in their positions. This situation is an example of
a. signaling.
b. adverse selection.
c. the principal-agent problem.
d. moral hazard.
a. signaling.
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Suppose when a market has four firms, average economic profit is $1,000 per month. When the market has five firms, the average economic profit is -$50 per month. This suggests that
A) the long-run equilibrium number of firms is between four and five. B) the long-run equilibrium number of firms is four. C) the long-run equilibrium number of firms is five. D) there is no long-run equilibrium in this market as profits can never be zero.
Countries with a large GDP must also have a large per-capita GDP
Indicate whether the statement is true or false
Could the holding period return ever be less than the yield to maturity? Explain.
What will be an ideal response?
The average tax rate is defined as
A) total tax due/change in taxable income. B) total tax due/total taxable income. C) change in taxes due/change in taxable income. D) change in taxes due/total taxable income.