An industry with a concentration ratio of 100 would have no more than ___ firm(s).
A. 1
B. 2
C. 3
D. 4
D. 4
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Table 13.2ABC Bank Balance SheetAssetsLiabilitiesTotal reserves$80,000Transactions accounts$200,000Loans120,000??Refer to Table 13.2. With a required reserve ratio of 10 percent, ABC Bank would have excess reserves of
A. $40,000. B. $60,000. C. $140,000. D. $20,000.
Refer to the diagram. The short-run supply curve for this firm is the:
A. entire MC curve.
B. segment of the AVC curve lying to the right of the MC curve.
C. segment of the MC curve lying to the right of output level k.
D. segment of the MC curve lying to the right of output level h.
Is price discrimination always legal in the United States?
A. No, while price discrimination is legal throughout the country, it is not allowed if it is used to drive rivals out of business. B. Yes, a firm can price discriminate as long as it benefits them. C. No, price discrimination is discrimination, and its practice is never allowed in the United States. D. No, price discrimination is not legal in some states like California and Nebraska.
All of the following statements are correct EXCEPT
A. Gross Domestic Product (GDP) = NDP + capital consumption allowance (depreciation). B. NDP = Gross Domestic Product (GDP) - depreciation (capital consumption allowance). C. NI = NDP + indirect business taxes. D. net exports = total exports - total imports.