Which of the following products are likely to be complementary goods?
A) Coke and Pepsi
B) portable MP3 players and batteries
C) HD-DVDs and Blu-Ray DVDs
D) Domino's pizza and Papa John's pizza
Answer: B
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An investor has to choose between stocks A&B, each selling for $10 . Stock A, can either increase in price to $12, with a 50% probability or stay at $10 with a 50% probability. Stock B can either increase in price to $15 with a 50% probability or go down to $7 with a 50% probability. Which of the stocks would the investor choose
a. Stock A b. Stock B c. None of the stocks d. The investor would exit the market
The private marginal benefit for commodity X is given by 15 - X, where X is the number of units consumed. The private marginal cost of producing X is constant at 10. In the absence of any government intervention, how much X is produced? What is the gain to society involved in moving from the inefficient to the efficient level of production?
What will be an ideal response?
Which measure of money would we most likely use if we were interested in looking at spending in the economy?
A. M2 B. M1 C. Hard money D. Reserves.
When the nominal exchange changes from 110 yen per dollar to 120 yen per dollar, the dollar has:
A. depreciated. B. become overvalued. C. become undervalued. D. appreciated.