The optimal level of rights protection is _____
a. zero
b. the marginal cost of additional protection equals the market price of the good
c. the marginal cost of additional protection equals the marginal benefit of the good
d. absolute
c
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If both producers and consumers believe that a product's price will rise in the future, then at the present, the equilibrium price
A) does not change. B) rises. C) falls. D) might rise, fall, or not change, but the change can never be predicted. E) might rise, fall, or not change depending on whether the effect from the producers is greater than or less than the effect from the consumers.
Factoring
A) involves selling stocks and using the proceeds to buy bonds. B) is purchasing accounts receivable at a discount. C) is calculating the optimal par values of stocks and bonds. D) has been declared illegal under the Reform Act of 1994.
One lesson of the Great Depression was that potential GDP could _____
a. be too low to ensure full employment if the population was growing b. be too low to ensure full employment in a capitalist economy c. be too low to ensure full employment in a market economy d. fall short of full-employment GDP e. exceed equilibrium GDP
Two variables are positively correlated if:
A. they move in the same direction. B. they move in the opposite direction. C. their movements tend to be unrelated. D. one is simply a multiple of the other.