For the economy as a whole, spending on advertising comprises about what percent of total firm revenue?
a. 0.5
b. 2
c. 10
d. 20
b
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The increase in the availability of ATMs has caused the cost of acquiring currency to ________ which will cause the currency ratio to ________, everything else held constant
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
During the 1990s, the nominal price of crude oil ____ and the real price ____
a. leveled off; fell b. fell; leveled off c. rose; fell d. fell; rose
Refer to Figure 12.1. What is the Nash equilibrium?
A. James chooses Up, Theodore chooses Left
B. James chooses Up, Theodore chooses Right
C. James chooses Down, Theodore chooses Left
D. James chooses Down, Theodore chooses Right
If a nation's Lorenz curve lies on the 45 degree line of income equality, then
A. every household's income level is different. B. more of the nation's income is received by the highest 25 percent of families than by the lowest percent. C. the income received by each 25 percent of families is 25 percent of the total income. D. more of the nation's income is received by the lowest 25 percent of families than by the highest 25 percent.