At a growth rate of 6% an economy will double in size in:
A. 7 years.
B. 6 years.
C. 14 years.
D. 12 years.
Answer: D
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Which of the following factors influence the position of the long-run aggregate supply curve?
A) government spending B) the supply of money C) the level of full-employment output D) taxes
In the foreign exchange market, an increase in the exchange rate leads to
A) an increase in the quantity of dollars demanded and no movement along the demand curve for dollars. B) an increase the quantity of dollars supplied and a movement along the supply curve of dollars. C) an increase the quantity of dollars supplied and no movement along the supply curve of dollars. D) a decrease the quantity of dollars supplied and a movement along the supply curve of dollars. E) an increase in the quantity of dollars demanded and a movement along the demand curve for dollars.
The Herfindahl-Hirschman Index is a measure of market power that focuses on:
A) the ratio of the price of a firm's product to the price elasticity of demand for the product. B) the share of the market controlled by the X largest firms in the market. C) the sum of the squares of the market share of each firm in an industry. D) the difference between a firm's product price and its marginal costs of production.
Answer the following statements true (T) or false (F)
1) Operating profits omit interest payments. 2) When the maximum amount of interest is paid on a loan, the present value of the cost of the investment exceeds the initial cost of the investment. 3) Salvage values are strictly positive. 4) When a firm uses its own funds to self-finance an investment, the operating profit exceeds the taxable profit. 5) Financing an investment with debt increases the net present value of the investment.