"Stocks and bonds" are collectively known as
A) securities.
B) equities.
C) real property.
D) shares.
Answer: A
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An example of a question that might be explored in microeconomics is to determine
A) the number of workers employed by Intel. B) savings by the household sector. C) why the U.S. economy has grown more rapidly than the Japanese economy. D) the total employment within the U.S. economy.
Economists argue that which allocation scheme leads to the most efficiency?
A) market based. B) government based. C) random. D) first-come, first-serve.
Economic stagnation coupled with high inflation is commonly called:
A. stagflation. B. inflationary stagnation. C. stagnatory growth. D. inflagnation.
Suppose that a particular industry has a four-firm concentration ratio of 85 and a Herfindahl index of 3,000. Most likely, this industry would achieve:
A. both productive efficiency and allocative efficiency. B. allocative efficiency but not productive efficiency. C. neither productive efficiency nor allocative efficiency. D. productive efficiency but not allocative efficiency.