Commodity markets resemble
A) monopolistic markets.
B) competitive markets.
C) oligopolistic markets.
D) factor markets.
B
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The long-run Phillips curve indicates that
A) potential GDP can never be achieved. B) there is no way to control the inflation rate in the long run. C) any inflation rate is possible at the natural unemployment rate. D) any unemployment rate is possible at the natural inflation rate. E) there is a tradeoff between the inflation rate and the unemployment rate in the long-run.
The weights used in calculating the firm's weighted-average cost of capital are equal to the proportion of debt and equity ____
a. used to finance the project b. used to finance the projects undertaken last year c. in the industry average capital structure d. in the firm's target capital structure e. none of the above
When a good is nonrivalrous in consumption, then: a. consumption by an additional individual will significantly reduce the benefits derived by others from a public good. b. individuals who refuse to pay for a public good cannot be excluded from benefiting from it
c. consumption by an additional individual does not prevent others from benefiting from a public good. d. individuals who refuse to pay for a public good can be excluded from benefiting from it.
When people invest, they face a trade-off between which of the following?
a. a higher risk and higher return or a lower risk and lower return b. a higher risk and lower return or a lower risk and high return c. a higher risk and no change in the rate of return d. the price and the interest rate