When Natalie in New York buys stock in Hyundai in Korea, NCO:
A. increases.
B. is unaffected.
C. decreases.
D. is zero.
Answer: A
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If a market has more than one seller, but fewer sellers than under perfect competition, it is referred to as
a. a monopoly b. competitive c. imperfect competition d. an efficient market e. optimal
Governments, like individuals, businesses, and entire economies face resource and spending limits. Over the very long run, the limits mean that
A) spending must be paid for by income or revenue and not by more debt B) spending now must be paid for by income or revenue now C) the debt to gdp ratio must be zero D) spending must eventually decrease if running a budget deficit
During 1989 to 2015, the wealth share of the top 1 percent
A. grew from 67% to 74.5% despite the financial crisis in 2007. B. remained relatively stable around 45%. C. grew from 30% to 36% with the rise in the stock market during the 1990s. D. dropped from 2.5% to 1.1% due to the bursting of the housing bubble.
In the above figure, a technologically inefficient point is
A) a. B) e. C) g. D) f.