Assume that the yield on a security has two possible outcomes. There is a 60 percent chance it will yield 10 percent and a 40 percent chance it will yield 5 percent. The expected yield for this security is
A) 10.0 percent.
B) 8.0 percent.
C) 7.5 percent.
D) 6.0 percent.
B
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The average U.S. unemployment rate from 1948 has been about
A) 19.7 percent. B) 10.7 percent. C) 2.7 percent. D) 5.8 percent. E) 15.7 percent.
Since 1929, total government taxes as a percentage of GDP:
a. climbed from 10 percent to over 35 percent. b. remained close to 30 percent. c. climbed from 30 percent to about 50 percent. d. climbed from 15 percent to about 50 percent.
There are five firms in an industry. You know sales of the four largest firms are $1,000,000, $500,000, $400,000, and $178,000. If the C4 ratio is 95 percent, then the HHI is:
A. 3,038. B. 2,755. C. 5,017. D. 1,810.
Which of the following factors would indicate a less elastic demand?
A. The good represents a large fraction of the budget. B. Demand is measured over a longer period of time. C. There are few substitutes. D. The price of the good is high.