The country in which a form of industrial organization in which a group of companies own stock in each other and has a bank that owns stock in each firm is
A) the United Kingdom.
B) the United States.
C) Japan.
D) Germany.
C
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In closing down a military base, environmental inspectors found 100 tons of toxic waste. Which of the following is NOT a determinant of the consumer surplus generated by cleaning up 40 tons of waste?
A) The price of removing a ton of toxic waste B) The original quantity of toxic waste found by the inspectors C) The quantity of toxic waste removed by cleanup D) The effect of each ton reduction of toxic waste on the profitability of the alternative uses for this land E) The effect of each ton reduction of toxic waste on the health of citizens living near the base
Given the expected rate of return on all possible investment opportunities in the economy, a(n):
a. Change in the interest rate will have no impact on the level of investment b. Decrease in the rate of interest will tend to decrease the level of investment c. Decrease in the rate of interest will tend to increase the level of investment d. Increase in the rate of interest will tend to increase the level of investment
The main reason for the high price of antiques is that:
A. supply is relatively elastic and demand increases over time. B. demand is relatively inelastic and supply increases over time. C. demand is relatively elastic and supply increases over time. D. supply is relatively inelastic and demand increases over time.
Table 9.2 represents 3 markets for used guitars. Which of the markets in Table 14.2 are NOT in equilibrium?
A. 1 only B. 2 only C. 3 only D. 2 and 3