If most businesses in an industry are earning a 13 percent rate of return on their assets, but your firm is earning 23 percent, your rate of economic profit is
a. zero.
b. 10 percent.
c. 23 percent.
d. 36 percent.
B
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One way to think of ideas coming out of behavioral economics is to map the ideas into either impacting "tastes" or "constraints". Can you give an example of each?
What will be an ideal response?
"Institutionalization" refers to the fact that a(n) __________ percentage of funds in the United States are flowing __________ the financial markets through financial intermediaries
A) increasing; indirectly into B) decreasing; indirectly into C) increasing; indirectly out of D) decreasing; directly out of
In the AD-AS framework, long-run equilibrium implies that ________
A) quantity demanded equals quantity supplied at a moderate level of equilibrium inflation B) quantity demanded equals quantity supplied at a point consistent with the short-run equilibrium level of inflation C) quantity demanded equals quantity supplied at a point consistent with the natural rate of unemployment D) all of the above E) none of the above
Parties to the contract prefer to keep the actual agreement incomplete when:
a. they have conflicting terms and conditions. b. they are large in count. c. the economic value of the contract is low. d. the cost of negotiation is high.