The U.S. interest rate minus the foreign interest rate is called the ________
A) foreign interest rate differential
B) U.S. bond rate differential
C) U.S. interest rate differential
D) U.S. stock yield differential
C
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The share of industry output sold by the top four steel producers in the country are 19 percent, 15 percent, 12 percent, and 9 percent, respectively. The four-firm concentration ratio for the steel industry is
A. 0.19. B. 0.55. C. 0.138. D. 0.65.
Which of the following statements is correct regarding a tax on a good and the resulting deadweight loss?
a. The greater are the price elasticities of supply and demand, the greater is the deadweight loss. b. The greater is the price elasticity of supply and the smaller is the price elasticity of demand, the greater is the deadweight loss. c. The smaller are the decreases in quantity demanded and quantity supplied, the greater the deadweight loss. d. The smaller is the wedge between the effective price to sellers and the effective price to buyers, the greater is the deadweight loss.
A firm that develops a new technology is the beneficiary of a ________ scarcity, while a firm that controls a patent is the beneficiary of a _________ scarcity.
Fill in the blank(s) with the appropriate word(s).
The _______ model lays out the _______ available to the economy.
A) demand and supply; alternatives B) production possibilities; price alternatives C) production possibilities; alternatives D) demand and supply; prices