A baseball player who is currently batting .350 will increase his batting average on a day that he goes _____ at the plate
a. 1 for 4.
b. 1 for 3.
c. 2 for 5.
d. 2 for 6.
c
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Imperfect asset substitutability exists
A) when it is possible for the expected returns on two assets to be different. B) when the expected returns on two assets are the same. C) only when one asset is foreign and the other is domestic. D) when there is risk in the foreign exchange market. E) when assets are liquid.
The amount that must be paid to an individual to get them to invest in the industry is
A) a normal rate of return. B) the explicit costs. C) reinvestment. D) financial capital.
The fraction of an industry's sales that are accounted for by the four largest firms is called
A) the four-firm competition ratio.
B) the four-firm concentration ratio.
C) the four-firm industry ratio.
D) the four-firm oligopoly ratio.
As the U.S. price level rises relative to price levels in other countries, U.S. _____
Fill in the blank(s) with the appropriate word(s).