Corporate ownership in Asia is characterized by:
a. strong minority shareholder rights
b. widely held ownership
c. IPOs
d. Hostile takeovers
e. family ownership
E
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To achieve long-run equilibrium in an economy with a recessionary gap, without the use of stabilization policy, the inflation rate must:
A. not change. B. increase. C. decrease. D. either increase or decrease depending on the relative shifts of AD and AS.
The intertemporal substitution effect refers to substitution of
A) goods for services. B) goods and services for less expensive goods and services. C) goods and services today for goods and services in the future. D) goods and services produced domestically for goods and services produced in another country.
An excise tariff imposed on foreign competitors will:
A. increase domestic firms' profits at all levels of demand. B. increase domestic firms' profits only when demand is high. C. have no impact on domestic firms' profits when demand for domestic goods is high. D. increase domestic firms' profits only when demand is low.
In a private closed economy, the equilibrium condition for the economy is:
A. AE = C + Ig = GDP B. AE = G + Ig = GDP C. AE = C + Ig + G = GDP D. C + Ig + G + NX = GDP