An increase in the interest rate
A) decreases the opportunity cost of holding money.
B) increases the opportunity cost of holding money.
C) decreases the percentage yield of holding money.
D) increases the percentage yield of holding money.
Answer: B
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In a long-run equilibrium in a monopolistically competitive industry that produces information products, revenues are equal to the ________ costs of developing, producing, and selling the product
A) total B) fixed C) variable D) marginal
Potential problems with incentive based compensation are
a. not evaluating the relevant performance measures b. rewarding outcomes that are not include in the performance evaluation c. not funding rewards for meeting performance measures d. all of the above
A good that is rival but nonexclusive is called
a. a private good b. a public good c. a quasi-private good d. an external good e. an open access good
Indexing Social Security payments:
A. no longer requires a concerted effort on the part of Congress to maintain their real value. B. still requires a concerted effort on the part of Congress to vote the amount of increase. C. no longer requires a concerted effort on the part of Congress to maintain their nominal value. D. still requires a concerted effort on the part of Congress to convert them to their nominal amounts.