A firm should continue to invest as long as the value of Tobin’s q is
a) negative
b) zero
c) a positive fraction
d) one
e) greater than one
e) greater than one
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Compared to the 19th century, the population of the 20th century
(a) was largely urbanized. (b) was 3.7 times larger in number. (c) experienced a 63 percent increase in life expectancy at birth. (d) can be described by all of the above.
The market for U.S. cars was impacted significantly by consumers' options to buy which of the following?
(a) Used cars (b) New cars produced by U.S. producers (c) New cars produced by foreign producers (d) All of the above
If a country has a comparative advantage in the production of a good, its resources are better suited to the production of that good than are the resources of other countries.
Answer the following statement true (T) or false (F)
Suppose that the extra cost to Tim of a third glass of soda is zero because he's at a restaurant that gives free refills. According to the Cost-Benefit Principle Tim should:
A. drink a third glass of soda. B. drink a third glass of soda if his total benefit from drinking soda is positive. C. drink a third glass of soda if the extra benefit of doing so is positive. D. not drink a third glass of soda.