If there are five goods in a barter economy, one needs to know ten prices in order to exchange one good for another
If, however, there are ten goods in a barter economy, then one needs to know ________ prices in order to exchange one good for another. A) 20
B) 25
C) 30
D) 45
D
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In the above figure, tax revenue is at a maximum when the tax rate is
A) 0 percent. B) 30 percent. C) 50 percent. D) 100 percent.
The difference between the present discount value of a revenue stream and the present discount value of a cost stream is called the:
A. interest rate. B. net present value. C. net cash flow. D. profit.
A highly oligopolized industry would have a ______ Herfindahl-Hirschman Index and a ______ concentration ratio.
A. high; high B. low; low C. high; low D. low; high
Inflation is a measure of the ________ of prices; the CPI is a measure of the ________ of prices.
A. current level; rate of change in the level B. index; base year's level C. base year's level; index D. rate of change in the level; current level