Differences in ________ explain why interest rates on Treasury securities are not all the same
A) risk
B) liquidity
C) time to maturity
D) tax characteristics
C
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Suppose duopolists face the market inverse demand curve P = 100 - Q, Q = q1 + q2, and both firms have a constant marginal cost of 10. If firm 1 is a Stackelberg leader and firm 2's best response function is q2 = (100 - q1)/2, at the Nash-Stackelberg equilibrium firm 2's output is
A) 30. B) 40. C) 60. D) 70.
In the United States, the average government subsidy for a college education at a private institution is approximately ________ for every $1 spent by the student.
A. $10 B. $5 C. less than $0.65 D. $2
The product supplied by a monopoly firm has
A. a few substitutes. B. no close substitutes. C. a large number of substitutes. D. two or three close substitutes.
The trade balance includes:
a. Imports and exports of only goods. b. Imports and exports of goods and services. c. Net exports of goods and services plus transfers. d. Net exports of goods and services plus net investment income plus transfers. e. Changes in a nation's reserve assets.