The winner's curse is not useful in understanding the performance of companies after a merger
Indicate whether the statement is true or false
False
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Refer to Figure 19-8. The equilibrium exchange rate is at A, $1.25/euro. Suppose the European Central Bank pegs its currency at $1.00/euro. Speculators expect that the value of the euro will rise and this shifts the demand curve for euro to D2
After the shift, A) there is a surplus of euros equal to 400 million. B) there is a surplus of euros equal to 500 million. C) there is a shortage of euros equal to 800 million. D) there is a shortage of euros equal to 1,000 million.
According to the "Rule of 70," how many years will it take for real GDP per capita to double when the growth rate of real GDP per capita is 5%?
A) less than 1 year B) 5 years C) 14 years D) 35 years
The U-form of organization is equivalent to the matrix form
Indicate whether the statement is true or false
Under democratic representative government, spending on a government program will likely be larger than the amount consistent with economic efficiency when
a. tax costs are levied in direct proportion with the benefits received. b. both the costs and benefits are widespread among the voters. c. benefits of the program are highly concentrated, while the costs are widely dispersed among voters. d. costs of the program are highly concentrated, while the benefits are widely dispersed among voters.