The increase in speed and power of personal computers over the past fifteen years has been phenomenal. Such technological change, with the old being ever more quickly replaced by the new, suggests growing ________ in ________ investment
A) instability, net
B) instability, net and gross
C) instability, gross
D) stability, net and gross
E) stability, net
C
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Experience with patents in the pharmaceutical industry shows that when patents on drugs expire
A) prices remain high without patent protection because of a lack of competition. Firms that are not granted patents cannot compete with firms that are granted patents. B) other firms are free to produce chemically identical drugs. Competition reduces the profits that had been earned by the firms that received patents. C) most patients will continue to buy the drugs from the same firms because their doctors recommend they buy brand-name drugs. D) firms will find ways to obtain additional patent protection—often by making cosmetic changes in drugs that were patented—so that they can continue charging high prices.
Why are forward contracts typically illiquid?
What will be an ideal response?
A company has an investment project that will cost $2 million today and yield a payoff of $3 million in 5 years. If the interest rate is 9%, should the firm undertake the project? Show evidence to support your answer
Graphically, demand-pull inflation is shown as a ________.
A. rightward shift of the AD curve along an upsloping AS curve B. leftward shift of the AS curve along an upsloping AD curve C. leftward shift of the AS curve along a downward-sloping AD curve D. rightward shift of the AD curve along a downward-sloping AS curve