Default refers to the
A. Rate of interest to be paid on a bond.
B. Failure to make scheduled interest or principal payments on a bond.
C. Failure of stock to increase in value.
D. Amount to be repaid when the bond is due.
Answer: B
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According to the graph shown, the long-run output decision for this firm is:
This graph represents the cost and revenue curves of a firm in a perfectly competitive market.
A. Q1, P1.
B. Q1, P2.
C. Q2, P1.
D. Q3, P3.
Answer the following statement(s) true (T) or false (F)
1. The firms in a cartel act together to achieve a similar outcome as a monopolist. 2. Consumers are the primary beneficiaries of collusive oligopoly due to lower prices. 3. The more firms in a cartel, the more difficult it is for all the firms to reach consensus. 4. Collusive oligopolies are strictly illegal under U.S. antitrust laws. 5. Price leadership involves formal meetings between the price leader and the price followers.
If the U.S. capital and financial account balance has a $30 million surplus and there was no change in official reserves during that year, we know that
A) the United States has a $30 million current account deficit. B) U.S. official reserves have increased by $30 million. C) the United States is a net lender. D) U.S. net foreign lending must equal $30 million. E) the United States has a $30 million current account surplus.
When a country participates in international trade, its consumption possibilities
A. Always exceed its production possibilities. B. Must still equal its production possibilities. C. May increase, but its trading partners consumption possibilities will decrease. D. Will increase if it is a rich country and will decrease if it is a poor country.