The price that a firm's only competitor charges would be a
a. topic in microeconomics
b. topic in finance
c. macroeconomic topic
d. topic in public finance
e. normative issue
A
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A supply schedule is a table that shows the relationship between
a. price and quantity supplied. b. input costs and quantity supplied. c. quantity demanded and quantity supplied. d. profit and quantity supplied.
For antitrust concerns, courts have blocked all of the following proposed mergers except
a. Bethlehem Steel and Youngstown Steel b. AT&T and MCI c. Brown Shoe and G. R. Kinky d. Pabst Brewing and Blitz Brewing e. Von's Grocery and another L.A. supermarket
If the opportunity cost of a unit of current consumption is exactly 1 unit of future consumption then you must sacrifice $10 of current consumption to finance
A. $1 of future consumption. B. $10 of future consumption. C. $11 of future consumption. D. $9 of future consumption.
According to some economists, when a country's debt-to-GDP ratio exceeds 90 percent:
A. the government will face financial instability B. the government will have to purchase more long-term securities. C. the interest rate will fall, reducing debt service payments. D. it will compel citizens to buy more U.S. debt.