Price and concentration ratios are inversely related
Indicate whether the statement is true or false
F
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What conditions must be satisfied if resources are used efficiently?
What will be an ideal response?
The Big Mac index compares:
A. the cost of a Big Mac all over the world. B. typical food costs, as food is the largest component of all consumption baskets. C. the cost of a typical basket for consumers all over the world. D. typical food and energy costs across different locations.
Which of the following is true of interest-rate risk?
A. It refers to the probability that a borrower will default on debt obligations. B. It is the risk that the coupon rate for a bond will change, affecting current bondholders' coupon payments. C. Individuals owning long-term bonds are exposed to greater interest-rate risk. D. It is the risk that the face value of a bond will change before maturity.
If nominal Gross Domestic Product (GDP) in 2010 was $500 billion with a price index of 100, what would be the real Gross Domestic Product (GDP) in 2020 if the 2018 nominal Gross Domestic Product (GDP) was $900 billion and the 2020 price index was 140?
A. $800 billion B. $900 billion C. $643 billion D. $540 billion