Good internal control over financial investments requires that the treasurer obtain certificates for all securities and keep them in the company safe.
a. true
b. false
Answer: b. false
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The demand for a good is more price elastic
A) if closer substitutes are available. B) if the good is a necessity rather than a luxury. C) if the share of the good in the average consumer's budget is smaller. D) in the short run than in the long run.
From 2009 to 2012
A) The Beveridge curve became flat. B) The Beveridge curve shifted to the right. C) The Beveridge curve cannot be discerned in the data. D) The Beveridge curve shifted to the left.
Which of the following situations can lead to a winner's curse?
a. A bid which is won by multiple bidders but fails to cover the expectations of the seller. b. A win which makes a player over-enthusiastic about further gambles. c. An overoptimistic bid which helps the bidder to win but fails to cover his costs. d. A win which makes the player risk-averse toward future gambles.
When a country that imported a particular good abandons a free-trade policy and adopts a no-trade policy,
a. producer surplus increases and total surplus increases in the market for that good. b. producer surplus increases and total surplus decreases in the market for that good. c. producer surplus decreases and total surplus increases in the market for that good. d. producer surplus decreases and total surplus decreases in the market for that good.