If Country A and Country B have the same total output, then the standard of living in these two countries can be different depending on:
A. population size.
B. their respective inflation rates.
C. their respective political systems.
D. their relative geographic size.
Answer: A
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In the figure above, the allocatively efficient output of computers is
A) 2 million per year. B) 3 million per year. C) 4 million per year. D) the largest amount possible.
Answer the following statements true (T) or false (F)
1. In a cooperative type of enterprise, a shareholder has only one vote regardless of the number of shares held. 2. In the United States, marketing cooperatives are most commonly found in the agriculture industry. 3. There are no government-regulated markets in the U.S. economy. 4. The U.S. economy is a mixture of perfect and imperfect competition and regulated and nonregulated industries.
Another term to describe the normal rate of return on capital is the
A) fixed cost of capital. B) depreciation cost of capital. C) opportunity cost of capital. D) monopoly rent.
According to the Black-Scholes formula:
a. the value of an in-the-money option will equal the difference between the stock's current price and the strike price. b. the payoff from an average option is either a multiple or a power of the difference between the strike price and the price they are exercised at. c. the holder of a basket option has the right to buy or sell the underlying at the highest price it has attained over the life of the option. d. the price of a call or put option varies with the price of the underlying asset.